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Zhengbang Tech Adds Two Subsidaries As Guaranteed Parties

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Jiangxi Zhengbang Technology (SHE:002157) added two subsidiaries as guaranteed parties, according to a Shenzhen bourse filing on Tuesday.

The company agreed to provide guarantees of up to 100 million yuan to the Louis Dreyfus group of companies and 80 million yuan to China Animal Husbandry (Shanghai) Oils & Grains. Their guarantee periods are up until Dec. 31, 2027 and April 30, 2027, respectively.

The guarantees are part of the subsidiaries' sale and purchase contracts.

The company set aside a maximum guarantee of 1.6 billion yuan for its subsidiaries for the year.

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