ST Yingfeitai Guarantees 16.67 Million Yuan Loan for Subsidiary
Shenzhen Infinova has extended a guarantee for a loan amounting to 16.67 million yuan, aimed at bolstering the working capital of its subsidiary. This financial support underscores the company’s confidence in its subsidiary's growth prospects and operational stability, while also reflecting a broader trend of corporate parent-subsidiary cooperation in the industry.
By securing this loan, the subsidiary is expected to enhance its liquidity and invest in necessary resources to facilitate its ongoing projects. The backing from Shenzhen Infinova not only signifies trust within the corporate structure but also indicates a potential positive trajectory for the subsidiary's performance in the competitive market.
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