---
title: "FASTEN plans to transfer accounts receivable rights with a principal amount of 12.1069 million yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/231504154.md"
description: "FASTEN announced plans to transfer accounts receivable principal of RMB 12.1069 million from the Humen Second Bridge branch of Guangdong Provincial Highway Construction Co., Ltd. to Jiangsu FASTEN Cable Co., Ltd. This receivable originates from the external operations of its holding subsidiary, Cable, with the aim of revitalizing receivable assets and improving capital liquidity"
datetime: "2025-03-12T09:04:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/231504154.md)
  - [en](https://longbridge.com/en/news/231504154.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/231504154.md)
generator: "portal-rs"
---

# FASTEN plans to transfer accounts receivable rights with a principal amount of 12.1069 million yuan

According to the announcement from FASTEN (000890.SZ), the company plans to transfer its accounts receivable principal of RMB 12.1069 million due from the Humen Second Bridge Branch of Guangdong Provincial Highway Construction Co., Ltd. to Jiangsu FASTEN Cable Co., Ltd. (hereinafter referred to as "Cable").

This accounts receivable arises from the external operations of Cable, which was originally a subsidiary of the company. Cable transferred it to Jiangsu FASTEN Road and Bridge Technology Co., Ltd. in 2017, but the receivable was not stripped away at that time. In order to revitalize the receivable assets and improve liquidity, the company has negotiated with Cable to transfer this receivable to Cable

### Related Stocks

- [000890.CN](https://longbridge.com/en/quote/000890.CN.md)

## Related News & Research

- [PBG debentureholders defer interest, principal payments to Oct. 2026 under amendment to secured debentures offering](https://longbridge.com/en/news/298365257.md)
- [Peter Schiff Warns 25-Basis-Point Hike Would Do 'Nothing': 'They Should Raise Rates By a Lot More'](https://longbridge.com/en/news/298433403.md)
- [Lundin Gold receives Ecuador tax assessment over 2023 sovereign adjustment worth USD 154 million](https://longbridge.com/en/news/298407038.md)
- [Denarius Metals secures option for up to 28 Toral West mining claims in Spain](https://longbridge.com/en/news/298445344.md)
- [US Cocoa Futures (COCOA-F) Drops on Sep 8: Key Factors to Watch](https://longbridge.com/en/news/298313300.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**