Doyen International Seals HK$57.8M Factoring Deal

Doyen International Holdings Ltd. (HK:0668) has released an update.

Doyen International Holdings Ltd. has announced a notable factoring agreement through its subsidiary Dongrui with Chongqing Chaofung, securing a one-year financing deal backed by receivables worth approximately HK$57.8 million. The transaction is classified as a discloseable transaction under the Listing Rules, requiring formal reporting due to its size. This strategic financial move aims to enhance the company’s capital efficiency and strengthen its financial position.

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