YUE DA INTL's subsidiary signs factoring agreement with Xinguang Construction

Zhitong
2025.09.30 04:19
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YUE DA INTL's wholly-owned subsidiary YUE DA Commercial Factoring has signed a factoring agreement with Xinguang Construction to provide accounts receivable financing and management services, granting a revolving credit limit of 45 million yuan, with an annual interest rate and management fee of 8% to 9%. The agreement will take effect from September 30, 2025, and will expire on September 29, 2026