Jinbei Auto (600609.SH) issued an announcement. The company recently received the Liaoning Supervisory Authority of China Securities Regulatory Commission...
Zhitong Finance App News, Jinbei Auto (600609.SH) issued an announcement. The company recently received Decision [2024] No. 3 on Administrative Supervision Measures from the China Securities Regulatory Commission and the Liaoning Regulatory Bureau — “Decision on Issuing Warning Letter Measures against Jinbei Auto Co., Ltd., Liu Tongfu, Xu Xiaomin, Zhang Kun, and Sun Xuelong”.
After investigation, Jinbei Auto signed a guarantee contract in November 2020 to provide joint and several liability guarantees for the 40 million yuan bank loan and related interest charges from Shenyang Jinjin Automobile Steel Ring Manufacturing Co., Ltd. (hereinafter referred to as Jinbei Steel Ring). The company did not disclose when the above guarantee actually occurred. Jinbei Auto signed a guarantee contract in June 2021 to provide joint and several liability guarantees for Jinjin Steel Ring's 97.976 million yuan bank loan and related interest charges. The company did not disclose the guarantee when it actually occurred, and the company's actual guarantee period exceeded the guarantee amount period reviewed and approved earlier.