Yue Da International Holdings Limited ( (HK:0629) ) has issued an update.
Yue Da International Holdings Limited announced a discloseable transaction involving a factoring agreement between its subsidiary, Yueda Commercial Factoring, and Runfu Water. The agreement includes a revolving credit limit of RMB50,000,000 with an annual interest rate and factoring administration fee ranging from 8.2% to 9.2%. This transaction, subject to reporting and announcement requirements under the Listing Rules, is expected to enhance Yueda’s financial services offerings and strengthen its market position by providing financial support to Runfu Water, a construction engineering company.
More about Yue Da International Holdings Limited
Yue Da International Holdings Limited, through its subsidiary Yueda Commercial Factoring, operates in the financial services industry, focusing on providing factoring, accounts receivable management, and collection services. The company is based in the PRC and aims to support businesses through financial solutions.
YTD Price Performance: -30.0%
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €26.18M
See more data about 0629 stock on TipRanks’ Stock Analysis page.