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FINWIRES

Guanghui Logistics Assumes 280 Million Yuan Repurchase Obligation

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Guanghui Logistics (SHA:600603) signed an amendment agreement with CDB Development Fund, assuming the repurchase obligation for 280 million yuan of equity in Hongsan Railway.

Subsidiary Sichuan Shuxin is providing collateral worth 402 million yuan in Chengdu property as mortgage guarantee, according to a Thursday filing with the Shanghai bourse.

Separately, the company is providing 10.7 million yuan in guarantees for indirect subsidiary Xinjiang Mechanical and Electrical Equipment via a sale-leaseback transaction with Xinjiang Dingyuan Financial Leasing.

Shares of the logistics and supply chain management company were down 2% in recent trade.

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