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Yue Da International Holdings Limited ( (HK:0629) ) just unveiled an update.
Yue Da International Holdings Limited announced that its subsidiary, Yueda Commercial Factoring, has entered into a factoring agreement with New Cooperative Grain. This agreement involves providing accounts receivables services with a revolving credit limit of RMB50,000,000 at an annual interest rate and administration fee of 8% to 9%. The arrangement, effective from September 8, 2025, to September 7, 2026, is classified as a discloseable transaction under Hong Kong’s Listing Rules, indicating a significant financial engagement for the company. This move is expected to enhance Yueda’s market positioning by expanding its service offerings and potentially increasing its revenue streams.
The most recent analyst rating on (HK:0629) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Yue Da International Holdings Limited stock, see the HK:0629 Stock Forecast page.
More about Yue Da International Holdings Limited
Yue Da International Holdings Limited operates in the financial services industry, focusing on providing commercial factoring services through its subsidiary, Yueda Commercial Factoring. The company offers accounts receivables financing, management, and collection services, catering to businesses in need of liquidity solutions.
YTD Price Performance: 25.98%
Average Trading Volume: 180,553
Technical Sentiment Signal: Buy
Current Market Cap: HK$374M
Learn more about 0629 stock on TipRanks’ Stock Analysis page.