PETRO-KING Subsidiary Guarantees Bank Loan for Associate Company

Stock News

02/13

PETRO-KING (02178) announced that its associate company, Baiqin Energy, 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, intended for the refinancing of certain existing bank loans of Baiqin Energy. Following market hours on February 13, 2026, Baiqin Shenzhen, an indirect wholly-owned subsidiary of the company, executed 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 Baiqin Shenzhen will be limited to its equity stake proportion in Baiqin Energy.

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The principal amount of the facility is RMB 63 million, intended for the refinancing of certain existing bank loans of Baiqin Energy. Following market hours on February 13, 2026, Baiqin Shenzhen, an indirect wholly-owned subsidiary of the company, executed 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 Baiqin Shenzhen will be limited to its equity stake proportion in Baiqin Energy.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"159945","symbol_name":"能源","start_time":0,"source_url":"","article_id":"1147906291","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1147906291","pubTimestamp":1770990495,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"PETRO-KING (02178) announced that its associate company, Baiqin Energy, entered into a new revolving bank loan facility with Huizhou Rural Commercial Bank on February 13, 2026. The principal amount...","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 its associate company, Baiqin Energy, 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, intended for the refinancing of certain existing bank loans of Baiqin Energy. Following market hours on February 13, 2026, Baiqin Shenzhen, an indirect wholly-owned subsidiary of the company, executed a new guarantee agreement with Huizhou Rural Commercial Bank to provide a guarantee for the new loan facility. 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