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An update from Yue Da International Holdings Limited ( (HK:0629) ) is now available.
Yue Da International Holdings Limited announced that its subsidiary, Yueda Commercial Factoring, has entered into a reverse factoring agreement with Yancheng Shuanghu. This agreement involves providing accounts receivables financing and management services with a revolving credit limit of RMB35,000,000, effective from June 2025 to July 2027. The transaction is considered discloseable under Hong Kong’s Listing Rules due to its size, and it reflects the company’s strategic move to enhance its financial services offerings. The agreement also involves guarantees from Jianhu County Urban Construction Investment Group and Jianhu County New Rural Construction Investment Company, both owned by Jianhu County People’s Government, indicating a strong backing for the transaction.
More about Yue Da International Holdings Limited
Yue Da International Holdings Limited, through its subsidiary Yueda Commercial Factoring, operates in the financial services industry, primarily focusing on factoring, accounts receivable management, and collection services. The company is incorporated in the Cayman Islands and has a presence in the People’s Republic of China.
Average Trading Volume: 131,181
Technical Sentiment Signal: Buy
Current Market Cap: HK$286.3M
For a thorough assessment of 0629 stock, go to TipRanks’ Stock Analysis page.