East Money Information to Provide Guarantee of Up to 4 Billion Yuan to Subsidiary
East Money Information (SHE:300059) agreed to provide an irrevocable joint and several liability guarantee of up to 4 billion yuan to its subsidiary, Shanghai Tiantian Fund Sales, according to a Shenzhen bourse on Wednesday.The Chinese financial services provider's shares slipped 1% during morning trade on Thursday.The guarantee will be for a credit facility that Tiantian will apply at China Minsheng Banking (SHA:600016, HKG:1988).