Yue Da International Holdings Limited (HK:0629) has released an update.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Yue Da International Holdings Limited, through its subsidiary Yueda Commercial Factoring, has entered into a factoring agreement with New Cooperative Grain, offering a revolving credit limit of RMB 50 million with an interest and fee rate of 8-9%, effective from September 2, 2024, to September 1, 2025. The transaction is classified as discloseable under the Listing Rules, as it meets the relevant percentage ratio criteria. The agreement includes accounts receivable financing and management services, backed by guarantees from two state-owned enterprises under Sheyang County’s government.
For further insights into HK:0629 stock, check out TipRanks’ Stock Analysis page.
