CNSIG Inner Mongolia Chemical Industry announced on the evening of September 16 that, because its 49%-owned associate Jiangxi Lantai Chemical has faced sustained cash-flow pressure and remains in a halted production state, it was unable to pay the interest due on its bank loan in full and on time. The lending bank has notified that the loan is due early, and the company agreed to bear guarantee liability within the approved guarantee limit, paying the creditor 84.9195 million yuan in principal plus interest. Jiangxi Lantai's largest shareholder is Fujian Hengde Investment, which holds 51%, and the two shareholders provide joint and several liability guarantees for its bank loan in proportion to their shareholdings. The company previously obtained approval from its board of directors and shareholders' meeting to provide Jiangxi Lantai with guarantees under a total credit line not exceeding 85 million yuan. By September 15, 2026, it had provided guarantees of 84.9195 million yuan based on its 49% shareholding, all within the approved limit. After this repayment, the company's guarantee balance related to Jiangxi Lantai is zero, and it has legally obtained the right of recourse. However, the announcement cautioned that there is a risk the repayment may not be fully recovered, which could have a certain impact on the company's financial position. As of the disclosure date, the company and its controlled subsidiaries had total external guarantees of 1.4969 billion yuan, all provided to wholly owned and controlled subsidiaries, accounting for 12.48% of the latest audited net assets, with no overdue guarantees.
Inner Mongolia Lantai Industrial Co LtdCNSIG Inner Mongolia Chemical Industry (Lantai Industrial) had to repay 84.9195 million yuan of guaranteed loan principal for halted associate Jiangxi Lantai, with risk of non-recovery affecting its financial position.
Jiangxi Lantai faces sustained cash-flow pressure, halted production, and early loan default, triggering shareholder guarantee repayments.
Named as 51% largest shareholder of Jiangxi Lantai providing joint guarantees, but no specific impact on Fujian Hengde is described.
