PETRO-KING Subsidiary Guarantees Bank Loan for Associate Company

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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>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>PETRO-KING Subsidiary Guarantees Bank Loan for Associate Company</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPETRO-KING Subsidiary Guarantees Bank Loan for Associate Company\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-02-13 21:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>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.</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":"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. 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