China Vanadium Titano-Magnetite Mining Co., Ltd. (HK:0893) has released an update.
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China Vanadium Titano-Magnetite Mining Co., Ltd. has extended its Master Guarantee Agreement and Counter Indemnity with Chengyu Vanadium to manage ongoing liabilities related to past secured loan facilities. Despite legal challenges from financial institutions, the company is actively working to ensure its subsidiaries meet their obligations and is seeking to create additional asset charges to secure its financial commitments. These actions reflect the company’s strategy to mitigate risks associated with its historical financial guarantees.
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