Yue Da International Holdings Limited ( (HK:0629) ) has provided an announcement.
Yue Da International Holdings Limited, through its subsidiary Yueda Commercial Factoring, has entered into a reverse factoring agreement with Yile Trading. This agreement, effective from March 27, 2025, to April 30, 2026, involves providing accounts receivable services and a reverse revolving credit limit of RMB50,000,000 to Yile Trading, with an annual interest rate and administration fee ranging from 7% to 8%. The transaction is considered discloseable under Hong Kong’s Listing Rules, indicating its significance to the company’s financial operations and compliance obligations.
More about Yue Da International Holdings Limited
Yue Da International Holdings Limited operates through its subsidiary, Yueda Commercial Factoring, which is based in the PRC and specializes in factoring, accounts receivable management, collection, and consultancy services. The company is involved in financial services, focusing on providing credit and management solutions related to accounts receivables.
YTD Price Performance: -50.0%
Technical Sentiment Signal: Strong Buy
Current Market Cap: €27.36M
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