Reference Case: Chongqing Cable Company v. Chongqing Real Estate Company and Southwest Real Estate Group
A non-listed company’s guarantee for an indirectly wholly owned company may be treated as a self-interested guarantee that does not require a separate corporate resolution when no minority-shareholder interests are prejudiced.
Holding
A non-listed company’s guarantee for an indirectly wholly owned company may be treated as a self-interested guarantee that does not require a separate corporate resolution when no minority-shareholder interests are prejudiced.
Issues
indirect 100 percent ownershipcorporate guarantee resolution procedurevalidity of non-listed company guarantees