Yue Da International Holdings Limited ( (HK:0629) ) just unveiled an announcement.
Yue Da International Holdings Limited announced that its subsidiary, Yueda Commercial Factoring, has entered into a reverse factoring agreement with Ruifa, providing a revolving credit limit of RMB50,000,000 with an annual interest rate and administration fee between 8% and 9%. This agreement, effective from March 2025 to January 2027, constitutes a discloseable transaction under the Hong Kong Stock Exchange Listing Rules, indicating a strategic move to enhance its financial services offerings and potentially strengthen its market position.
More about Yue Da International Holdings Limited
Yue Da International Holdings Limited, through its wholly owned subsidiary Yueda Commercial Factoring, is engaged in the provision of factoring, accounts receivable management, collection, and consultancy services. The company operates in the financial services industry, focusing on accounts receivable financing and management.
YTD Price Performance: 15.00%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €28.06M
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