The Far East Grinding Wheel intends to borrow 15 million yuan from Suzhou Chuangyuan Group Finance Co., Ltd. to supplement the working capital. The borrowing period is one year, and the joint liability guarantee is provided by Chuangyuan Technology Co., Ltd. (the guarantee agreement has not been signed).
On June 6, 2008, the fourth temporary meeting of the fifth board of directors of Chuangyuan Technology Co., Ltd. passed the above guarantees. The board of directors of the company believes that the current financial situation of the Far East Grinding Wheel is stable and the credit status is good. In order to support its business development, it agrees. Provide a guarantee for it.
On June 6, 2008, the fourth temporary meeting of the fifth board of directors of Chuangyuan Technology Co., Ltd. passed the above guarantees. The board of directors of the company believes that the current financial situation of the Far East Grinding Wheel is stable and the credit status is good. In order to support its business development, it agrees. Provide a guarantee for it.
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