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00668

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DOYEN INTL HOLD Joint Venture Company subsidiary granted a total of 26 million RMB financing

Doyen International Holdings (00668.HK) announced that its joint venture company, Dongkui Financial Leasing (Shanghai), through its wholly-owned subsidiary Dongrui, entered into a factoring agreement with Chongqing Pumei today (29th). It is reported that Dongrui has agreed to provide financing within a one-year period from the date of signing the factoring agreement, with a factoring amount of RMB 26 million and an annual interest rate of 9.5 basis points, using the accounts receivable transferred by Chongqing Pumei's factoring clients to Chongqing Pumei as collateral

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