Strong Petrochemical Holdings Secures RMB350 Million Loan for Subsidiary Operations

Reuters

Feb 10

Strong Petrochemical Holdings Secures RMB350 Million Loan for Subsidiary Operations

Strong Petrochemical Holdings Limited has announced that it has entered into a new financing arrangement, providing a corporate guarantee to support a loan facility for its indirect wholly-owned subsidiary, Fujian Hong Kong Petrochemical Limited. On 10 February 2026, the subsidiary entered into fixed assets and working capital loan agreements with the Quanzhou Branch of Industrial Bank Co., Ltd., securing a total loan facility of RMB350 million. The purpose of the loan is to finance the subsidiary’s operations and facilitate the repayment of an existing loan from the Quanzhou Branch of Bank of Communications Co., Ltd. The board of Strong Petrochemical Holdings stated that the transaction is beneficial to the company and its shareholders, and clarified that it does not constitute a notifiable or connected transaction under Hong Kong’s Listing Rules.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Strong Petrochemical Holdings Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260210-12020864), on February 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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ID: HKEX-EPS-20260210-12020864), on February 10, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0572939691.SGD","symbol_name":"Janus Henderson Horizon Asian Dividend Income A2 SGD","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260210:nNDL686sv2:1","article_id":"2610122646","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2610122646","pubTimestamp":1770720207,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Strong Petrochemical Holdings Limited has announced that it has entered into a new financing arrangement, providing a corporate guarantee to support a loan facility for its indirect wholly-owned subsidiary, Fujian Hong Kong Petrochemical Limited. 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On 10 February 2026, the subsidiary entered into fixed assets and working capital loan agreements with the Quanzhou Branch of Industrial Bank Co., Ltd., securing a total loan facility of RMB350 million. The purpose of the loan is to finance the subsidiary’s operations and facilitate the repayment of an existing loan from the Quanzhou Branch of Bank of Communications Co., Ltd. The board of Strong Petrochemical Holdings stated that the transaction is beneficial to the company and its shareholders, and clarified that it does not constitute a notifiable or connected transaction under Hong Kong’s Listing Rules.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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