Yue Da International Holdings Limited (HK:0629) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
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.
For further insights into HK:0629 stock, check out TipRanks’ Stock Analysis page.
