Petro-king Oilfield Services Secures RMB63 Million Bank Loan for Refinancing

Reuters

Feb 13

Petro-king Oilfield Services Secures RMB63 Million Bank Loan for Refinancing

Petro-king Oilfield Services Ltd. has announced a new bank revolving loan facility totaling RMB63,000,000 to refinance existing bank loans of its associate, Petro-king Energy. As part of the arrangement, Petro-king Oilfield Services and other major shareholders have provided guarantees to facilitate Petro-king Energy’s access to the loan, in line with common practices in the PRC. Additionally, Petro-king Technology, a wholly-owned subsidiary of Petro-king Energy, has pledged land and buildings valued at approximately RMB75,959,000 as collateral. The company stated that the provision of the guarantee does not involve any cash outflow and is not expected to have a material adverse effect on its financial position.

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. Petro-king Oilfield Services 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-20260213-12025252), on February 13, 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-20260213-12025252), on February 13, 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":"BK1202","symbol_name":"石油天然气设备与服务","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260213:nNDL3vdlD2:1","article_id":"2611886150","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2611886150","pubTimestamp":1770989874,"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":"Petro-king Oilfield Services Ltd. has announced a new bank revolving loan facility totaling RMB63,000,000 to refinance existing bank loans of its associate, Petro-king Energy. 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