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Yue Da International Holdings Limited ( (HK:0629) ) has provided an announcement.
Yue Da International Holdings Limited announced a discloseable transaction involving a factoring agreement between its subsidiary, Yueda Commercial Factoring, and Xingang Construction. The agreement, effective from September 30, 2025, to September 29, 2026, provides a revolving credit limit of RMB45 million with an annual interest rate and administration fee ranging from 8% to 9%. This transaction is a strategic move in line with the company’s regular business operations, potentially enhancing its market positioning in the financial services sector by expanding its client base and service offerings.
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, through its subsidiary Yueda Commercial Factoring, operates in the financial services industry, focusing on providing factoring, accounts receivable management, and consultancy services in the People’s Republic of China.
Average Trading Volume: 246,845
Technical Sentiment Signal: Buy
Current Market Cap: HK$350.6M
For a thorough assessment of 0629 stock, go to TipRanks’ Stock Analysis page.