China Longyuan Power Group Raises Factoring Services Cap to RMB1.5 Billion

Reuters
2026.01.14 10:19
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China Longyuan Power Group Corporation Ltd. has raised the annual cap for its Factoring Services Agreement to RMB1.5 billion for the next three years. This increase supports the company's expanding new energy business and anticipated acquisitions. The group expects to secure an additional RMB806 million in factoring financing from December 2025 to January 2026, with a projected daily maximum stock balance of RMB1.025 billion, ensuring sufficient funding for ongoing and future development needs.