Yue Da International Holdings Limited (HK:0629) has released an update.
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Yue Da International Holdings Limited has announced a factoring agreement through its subsidiary, Yueda Commercial Factoring, with Dafeng Harbour, offering a revolving credit limit of RMB50 million. This agreement, which includes accounts receivables financing and management services, is set at an interest rate between 6.0% and 6.8% and will be effective from December 2024 to December 2025. The transaction is considered a discloseable one under Hong Kong’s listing rules, highlighting its significance in the financial markets.
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