Vesync Co., Ltd. (HK:2148) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Vesync Co., Ltd has provided additional details on its Receivables Discounting Agreement, where the Bank purchases eligible receivables from Etekcity, disbursing 70% of sales invoice amounts upon approval. The agreement includes provisions for the handling of deductions from the buyer’s payments, known as ‘Dilutions’, and sets a Credit Limit of US$60 million. The proceeds from this agreement will bolster the company’s working capital.
For further insights into HK:2148 stock, check out TipRanks’ Stock Analysis page.