Styrenix Performance Materials Limited — Others, 13-01-2025: Giving guarantees/indemnity/ becoming a surety for third party

Styrenix Performance Materials Limited has announced a board meeting to discuss a Corporate Guarantee of THB 875,000,000 issued in favor of The Hongkong and Shanghai Banking Corporation Limited, supporting Styrenix Polymers (Thailand) Co., Ltd., a step-down wholly owned subsidiary. This guarantee facilitates a credit facility for the subsidiary, with no current impact on the company's financial health noted. The absence of promoter interest ensures the transaction is at arm's length. Investors may view this as a neutral impact, contingent on the subsidiary's performance and creditworthiness.