Kinwong Electronic Provides 2.52 Billion Yuan Guarantee for Subsidiary's Loan
Shenzhen Kinwong Electronic's (SHA:603228) subsidiary, Zhuhai Kinwong, plans to apply for a syndicated loan of up to 2.52 billion yuan to fund the construction of its high-end HDI factory.The parent company is providing a joint liability guarantee for the loan, according to a Wednesday filing with the Shanghai bourse.Shares of the printed circuit board manufacturer rose 4% in recent trade.