Beijing Airport high-tech park subsidiary secures CNY 5m credit

Beijing Airport High-Tech Park (SSE:600463) announced today that its subsidiary, Beijing Tianyuan Construction Engineering, will receive a CNY 5 million comprehensive credit line from Tianjin Bank. The decision was made during the fourth interim meeting of the eighth board of directors. The credit line, guaranteed by Beijing Airport Economic Development, will carry an interest rate of no more than 5% and be valid for one year. The funds will be used for various operational needs, including loans, working capital, and commercial drafts. The board approved the resolution unanimously.