Doyen International Secures Factoring Deals Worth HK$45.2M

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

Doyen International Holdings Ltd. has announced two separate factoring agreements through its subsidiary Dongrui with Shanghai Hongxuan, providing a combined financing of approximately HK$45.2 million secured by accounts receivable. These transactions are disclosed in compliance with the Listing Rules as they are deemed notifiable, falling between the 5% and 25% threshold. Both agreements, which have a one-year term, have received consent from Galaxy Bond Holdings Limited as per the scheme arrangement.

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