Yue Da International Holdings Limited (HK:0629) has released an update.
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Yue Da International Holdings Limited has entered into a reverse factoring agreement through its subsidiary, Yueda Commercial Factoring, with Jiangsu Xinqingyang, providing a credit limit of RMB50 million. The agreement, effective from December 2024 to December 2025, offers accounts receivable services with an annual interest rate and fees ranging from 8% to 9%. This transaction, categorized as a discloseable transaction per Hong Kong’s Listing Rules, highlights the company’s strategic financial maneuvers in the market.
For further insights into HK:0629 stock, check out TipRanks’ Stock Analysis page.
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