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YOUNGOR Provides No More Than 130 Million Yuan Guarantee To Sun Akesu Textile Company.

2020/5/26 10:34:00 0

Guarantee

In May 25th, YOUNGOR announced that it had decided to provide joint and several liability guarantee for Akesu textile with a total amount not exceeding RMB 130 million yuan. A wholly owned subsidiary of Xinya Agricultural Department of Akesu textile department, YOUNGOR Textile Holding Co., Ltd., a wholly owned subsidiary of YOUNGOR, owns 56% of Xinya agricultural branch. YOUNGOR provides guarantee for Akesu textile, which is supported by Akesu's textile production and operation.

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