Summary by Moomoo AI
On 2 April 2024, Goldwind Technologies announced a guarantee to Goldwind New Energy South Africa Proprietary Limited, the South African holding subsidiary of its wholly-owned subsidiary, Goldwind International Holdings (Hong Kong) Limited. Golden Wind New Energy South Africa has signed a wind farm project design, procurement, construction contract with Ummbila SPV and has signed a long-term maintenance service contract with SGAM. GOLDWIND TECHNOLOGY AND GOLDWIND INTERNATIONAL WILL JOINTLY PROVIDE A GUARANTEE OF NO MORE THAN APPROXIMATELY RMB 13.1 MILLION TO GOLDWIND NEW ENERGY SOUTH AFRICA, WHICH REPRESENTS 3.48% OF GOLDWIND TECH'S AUDITED NET ASSETS IN 2023. In addition, Golden Wind Technology will provide guarantees for long-term maintenance service contracts of no more than approximately RMB 7920 million. Golden Wind New Energy South Africa has a debt ratio of more than 70%, and the company reminds investors to be aware of the associated collateral risks. Goldwind Technology said that this security is not subject to a Board of Directors hearing pending approval of the Annual General Meeting.