Yue Da International Enters Strategic Factoring Deal

Yue Da International Holdings Limited (HK:0629) has released an update.

Yue Da International Holdings Limited, through its subsidiary Yueda Commercial Factoring, has entered a factoring agreement with Chendu Construction, providing a revolving credit limit of RMB50 million to enhance accounts receivable services. This arrangement, effective from December 2024 to December 2026, features an annual rate of return between 8% to 9%, marking a strategic financial move to optimize cash flow management for both parties. The agreement is categorized as a discloseable transaction under Hong Kong’s Listing Rules.

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