Guotai Haitong Securities (SHA:601211, HKG:2611) provided an unconditional and irrevocable guarantee of $150 million for a syndicated loan to its Portuguese wholly-owned subsidiary, Haitong Bank.
The guarantee covers principal, interest and other payment obligations, according to a Wednesday filing with the Shanghai bourse.
Shares of the company slid 1% in recent trade on the Shanghai bourse.
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