YUE DA INTL's subsidiary signs factoring agreement with Xinguang Construction
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
According to the announcement from YUE DA INTL (00629), on September 30, 2025, the company's indirect wholly-owned subsidiary, YUE DA Commercial Factoring, entered into a factoring agreement with Xinguang Construction. Under the factoring agreement, YUE DA Commercial Factoring agrees to provide accounts receivable financing, accounts receivable management services, and accounts receivable collection services to Xinguang Construction, granting a revolving credit limit of RMB 45 million, with an annual interest rate and factoring management fee totaling 8% to 9%, effective from September 30, 2025, and expiring on September 29, 2026
