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DapuStor to Provide Guarantee to Subsidiary's 280 Million Yuan Debt

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DapuStor (SHE:301666) agreed to provide a joint and several liability guarantee to its subsidiary, DapuStor (Hong Kong) Technology Holding, for debts amounting to 280 million yuan, according to a Shenzhen bourse filing on Wednesday.

The Chinese solid-state drive chipmaker's shares slipped 1% during Thursday morning trade.

The debts were incurred from DapuStor Hong Kong's commercial transactions with WPG International (Hong Kong) and affiliated enterprises under WPG International (TPE:3702).

The guarantee is valid within three years.

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