DOYEN INTL HOLD (00668.HK) announced that its joint venture company Dongkui Financing Leasing (Shanghai) has a wholly-owned subsidiary, Dongrui, which today (31st) entered into a factoring agreement with Chongqing Baicui.

According to the factoring agreement, Dongrui agrees to provide financing for a period of one year from the date of signing the factoring agreement, with a factoring principal amount of RMB 27.4 million and an annual interest rate of 9.5%, secured by accounts receivable assigned to Chongqing Baicui by its factoring clients