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Binhai Investment Co ( (HK:2886) ) has issued an update.
Binhai Investment Company Limited’s wholly owned subsidiary, Binhai Investment (Tianjin) Co., Ltd., has signed a strategic cooperation agreement with the Agricultural Bank of China’s Tianjin Xiqing Sub-branch to establish a comprehensive financial partnership aimed at supporting industrial development and urban optimization in Tianjin. Under the agreement, the bank will provide an indicative credit facility of RMB1 billion over five years, alongside preferential interest rates and fees, and will cooperate across areas such as cash management, payroll, payment services, personal finance and services for downstream customers, which the board expects will optimize the group’s financing structure, reduce financing costs, enhance fund utilization efficiency and further consolidate its market position and competitiveness in regional economic development.
The most recent analyst rating on (HK:2886) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Binhai Investment Co stock, see the HK:2886 Stock Forecast page.
More about Binhai Investment Co
Binhai Investment Company Limited, incorporated in Bermuda and listed in Hong Kong, operates through its subsidiaries with a focus on regional industrial and urban development in Tianjin, leveraging financial partnerships to support its production, operation and investment activities.
Average Trading Volume: 126,124
Technical Sentiment Signal: Hold
Current Market Cap: HK$1.52B
See more data about 2886 stock on TipRanks’ Stock Analysis page.