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The latest announcement is out from Binhai Investment Co ( (HK:2886) ).
Binhai Investment Company Limited announced that its subsidiary, TEDA Binhai Clean Energy Group, has secured a RMB150 million credit facility from Sinopec Finance Tianjin. This facility will be used to settle natural gas procurement payments, offering low-cost financing and optimizing the company’s financial structure. The transaction highlights Sinopec’s commitment to supporting Binhai’s sustainable development and demonstrates confidence in the company’s growth prospects.
The most recent analyst rating on (HK:2886) stock is a Buy 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 operates in the clean energy sector, focusing on natural gas procurement and distribution through its subsidiary, TEDA Binhai Clean Energy Group Company Limited. The company is involved in optimizing financing structures to support operational and development needs.
Average Trading Volume: 454,814
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.59B
Find detailed analytics on 2886 stock on TipRanks’ Stock Analysis page.