PETRO-KING Subsidiary Provides Guarantee for Associate's Bank Loan

Deep News

02/16

PETRO-KING (02178) announced that Petro-King Energy, an associate of the company, entered into a new revolving bank loan facility with Huizhou Rural Commercial Bank on February 13, 2026. The principal amount of the facility is RMB 63 million. The purpose of the new loan is to refinance certain existing bank loans of Petro-King Energy.

After trading hours on February 13, 2026, Petro-King Shenzhen, an indirect wholly-owned subsidiary of the company, entered into a new guarantee agreement with Huizhou Rural Commercial Bank to provide a guarantee for the new loan facility. According to the agreement, the guarantee amount provided by Petro-King Shenzhen will be limited to its equity interest ratio in Petro-King Energy.

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The principal amount of the facility is RMB 63 million. The purpose of the new loan is to refinance certain existing bank loans of Petro-King Energy.</p>\n<p>After trading hours on February 13, 2026, Petro-King Shenzhen, an indirect wholly-owned subsidiary of the company, entered into a new guarantee agreement with Huizhou Rural Commercial Bank to provide a guarantee for the new loan facility. 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The principal amount of the facility is RMB 63 million. The purpose of the new loan is to refinance certain existing bank loans of Petro-King Energy.</p>\n<p>After trading hours on February 13, 2026, Petro-King Shenzhen, an indirect wholly-owned subsidiary of the company, entered into a new guarantee agreement with Huizhou Rural Commercial Bank to provide a guarantee for the new loan facility. According to the agreement, the guarantee amount provided by Petro-King Shenzhen will be limited to its equity interest ratio in Petro-King Energy.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02178","symbol_name":"百勤油服","start_time":0,"source_url":"","article_id":"1124614902","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1124614902","pubTimestamp":1771203039,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"PETRO-KING (02178) announced that Petro-King Energy, an associate of the company, entered into a new revolving bank loan facility with Huizhou Rural Commercial Bank on February 13, 2026. The...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"159945":"能源","02178":"百勤油服","BK1202":"石油天然气设备与服务"},"translate_title":"百勤附属公司为联营公司银行贷款提供担保","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"159945":1,"02178":1},"content_text":"PETRO-KING (02178) announced that Petro-King Energy, an associate of the company, entered into a new revolving bank loan facility with Huizhou Rural Commercial Bank on February 13, 2026. The principal amount of the facility is RMB 63 million. The purpose of the new loan is to refinance certain existing bank loans of Petro-King Energy.\nAfter trading hours on February 13, 2026, Petro-King Shenzhen, an indirect wholly-owned subsidiary of the company, entered into a new guarantee agreement with Huizhou Rural Commercial Bank to provide a guarantee for the new loan facility. 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