Shanxi Installation Group Co., Ltd. Class H (HK:2520) has released an update.
Shanxi Installation Group Co., Ltd. has approved a significant financial move, providing a $13 million guarantee for Envision Enterprise’s debt under a financing agreement for a wind power project in Bangladesh. The guarantee, reflecting the company’s strategic investment in renewable energy, involves counter-guarantees from associated entities to balance the company’s liabilities. This transaction, categorized as a connected transaction under Hong Kong’s listing rules, will be reviewed at a forthcoming general meeting.
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