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alancheung
Jun 12, 2009, 01:53 AM
If the borrower is a 100% owned subsidiary of ABC Holding Company Ltd and the borrowing is secured by the corporate guarantee of ABC Holding Company Ltd. and one other 100% owned subsidiary of ABC Holding Co. Ltd.

Why the corporate guarantee amount does not appear as contingent liabilities under the Group and only in the company of ABC Holding Co. Ltd.?

Why the corporate guarantee amount does not appear as contingent liabliites in the other 100% owned subsidiary of ABC Holding Co Ltd?