Sapphire Subsidiary Chengdu KQR Provides Up to RMB 99.64 Million Guarantee for Lahore Water Project
Bitget2026/11/04 14:34- Sapphire Corporation's 98%-owned subsidiary Chengdu KQR entered a project covered guarantee of up to RMB 99.64 million with Shandong Luqiao.
- The guarantee supports up to RMB 200 million in performance guarantees for affiliate Ranken Railway's Lahore water and wastewater project.
- Ranken Railway holds 49% of the project joint venture, which signed its infrastructure contract with WASA Lahore on November 4, 2026.
- A RMB 3.58 million guarantee provision would reduce pro forma FY2025 earnings per share to RMB 0.0032 from RMB 0.012.
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