Coastal Investment (02886.HK) subsidiary receives a total of two billion yuan in medium-term revolving loans from the Agricultural Bank of China.

Zhito Financial News App reports that Binhai Investment (02886.HK) has announced that its wholly-owned subsidiary Tianjin TEDA Binhai Clean Energy Group Co., Ltd. has obtained a total of 200 million RMB in medium-term revolving loans from the Agricultural Bank of China Limited (ABC). The interest rate is significantly lower than the one-year loan market quote rate (LPR), giving it a significant advantage over other similar loans within the group. Binhai Investment (Tianjin) Co., Ltd., a wholly-owned subsidiary of the company, provides joint and several guarantees for this loan.