Yue Da International Holdings Limited (HK:0629) has released an update.
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Yue Da International Holdings Limited has announced a discloseable transaction involving a reverse factoring agreement with Hengtai Port, offering a revolving credit limit of RMB47 million. The agreement aims to provide accounts receivables financing and management services at an interest and fee rate of 8% to 9%, effective from December 2024 to June 2026. This move highlights Yue Da’s strategic financial maneuvering to strengthen its factoring services portfolio.
For further insights into HK:0629 stock, check out TipRanks’ Stock Analysis page.
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