---
title: "DOYEN INTL HOLD's subsidiary granted a financing of 27.4 million RMB with an annual interest rate of 9.5%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/218447851.md"
description: "DOYEN INTL HOLD announced that its joint venture Dongkui Financing Leasing (Shanghai) has today (31st) entered into a factoring agreement with Chongqing Baicui. According to the factoring agreement, Dongrui agrees to provide financing for a one-year period starting from the date of signing the factoring agreement, with a factoring principal amount of RMB 27.4 million and an annual interest rate of 9.5%, secured by accounts receivable transferred from Chongqing Baicui's factoring clients to Chongqing Baicui"
datetime: "2024-10-31T08:39:55.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/218447851.md)
  - [en](https://longbridge.com/en/news/218447851.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/218447851.md)
---

# DOYEN INTL HOLD's subsidiary granted a financing of 27.4 million RMB with an annual interest rate of 9.5%

DOYEN INTL HOLD (00668.HK) announced that its joint venture company Dongkui Financing Leasing (Shanghai) has a wholly-owned subsidiary, Dongrui, which today (31st) entered into a factoring agreement with Chongqing Baicui.

According to the factoring agreement, Dongrui agrees to provide financing for a period of one year from the date of signing the factoring agreement, with a factoring principal amount of RMB 27.4 million and an annual interest rate of 9.5%, secured by accounts receivable assigned to Chongqing Baicui by its factoring clients

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