Yue Da International Holdings Limited ( (HK:0629) ) has issued an announcement.
Yue Da International Holdings Limited announced that its subsidiary, Yueda Commercial Factoring, has entered into a factoring agreement with Yancheng Lianyang. The agreement involves providing accounts receivables financing and management services with a revolving credit limit of RMB45 million, effective from March 26, 2025, to April 1, 2027. This transaction is classified as a discloseable transaction under the Hong Kong Listing Rules, indicating a significant financial move for the company. The agreement is expected to enhance Yue Da’s financial service offerings and strengthen its market position in the factoring industry.
More about Yue Da International Holdings Limited
Yue Da International Holdings Limited, through its subsidiary Yueda Commercial Factoring, operates in the financial services industry, primarily offering factoring, accounts receivable management, and collection services. The company is focused on providing financial solutions to businesses in need of accounts receivable services.
YTD Price Performance: -40.0%
Technical Sentiment Signal: Strong Buy
Current Market Cap: €27.16M
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