vpvideopoker| Conch Cement (00914): Cancel the full joint and several liability guarantee guarantee plan for 3 billion yuan medium-term notes

News summary

Conch Environmental Protection Group, a non-wholly owned subsidiary of Conch Cement, plans to issue medium-term notes of no more than RMB 3 billionvpvideopoker, the cancellation of the original guarantee plan will not cause harm to the interests of the company and shareholders.

Newsletter text

[Anhui Conch Cement (600585) plans to cancel the guarantee provided to environmental protection subsidiaries, and the issuance of 3 billion yuan medium-term notes will not be affected] Conch Cement (00914) recently announced that its non-wholly owned subsidiary Anhui Conch Environmental Protection Group plans to issue no more than 3 billion yuan of medium-term notes, and the parent company originally provided guarantee for this issuance. However, due to the failure of other shareholders of Conch Environmental Protection Group to provide counter-guarantees, Conch Cement's board of directors voted on April 9 to cancel the guarantee plan. [Conch Cement complied with regulatory requirements and adjusted its guarantee plan] According to the notice from the State-owned Assets Supervision and Administration Commission of Anhui Province, the company must strictly abide by the control requirements of super-stock ratio guarantees. Therefore, the board of directors cancelledvpvideopokerThe original full joint and several liability guarantee plan was established. The shareholders 'meeting will review the new proposal, which only involves the registration and issuance of medium-term notes by Conch Environmental Protection Group. [The cancellation of the guarantee will not affect the issuance qualification, and the company's interests will not be harmed] Conch Cement made it clear that the cancellation of the guarantee plan will not harm the interests of the company and all shareholders. At the same time, this change will not have a significant impact on Conch Environmental Protection Group's eligibility to apply for registration of medium-term notes. As of now, the guarantee plan has not yet been implemented and the company has not signed any guarantee agreement.