DXF 0.00% 5.0¢ ding sheng xin finance co. limited

Well someone had to do it, page-77

  1. 4,427 Posts.
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    For sure the cash is there in the bank. iam 100% sure it is there.

    DXF business have a magnification ratio. In order to make guarantee, they need to have at least 1/6 of the amount of money being guaranteed, held in a bank account.

    Last I check, they were guaranteeing somewhat $1 billion dollars. Which mean, they need to have cash of at least $160m in the bank. Otherwise the banks would not have let them guaranteed the loan.
 
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