Beijing airport high-tech park secures loan with subsidiary equity

Beijing Airport High-Tech Park (SSE: 600463) announced it has finalized a loan agreement with Beijing Rural Commercial Bank, pledging 100% equity of its wholly-owned subsidiary, Beijing Tianli Power Heating Co., Ltd. The loan, amounting to RMB 44.65 million, has a term of 7 years and is priced at LPR minus 10 basis points. The company used the loan to partially pay for the acquisition of Tianli Power Heating, which was completed on January 13, 2025. The equity pledge registration was finalized on February 20, 2025. The company states that the loan and equity pledge are in line with its financial strategy and will not negatively impact its operations or shareholder interests.