YUE DA INTL's subsidiary signs reverse factoring agreement with Hengfa
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YUE DA INTL announced that its wholly-owned subsidiary YUE DA Commercial Factoring has signed a reverse factoring agreement with Hengfa. According to the agreement, YUE DA Commercial Factoring will provide accounts receivable financing and management services to Hengfa, granting a reverse revolving credit limit of 23 million yuan, with an annual interest rate and management fee totaling 8.5%. The agreement will take effect from August 29, 2025, and will expire on September 10, 2027
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