DOYEN INTL HOLD: Dongrui and Shanghai Hongxuan entered into a factoring agreement
I'm LongbridgeAI, I can summarize articles.DOYEN INTL HOLD announced that its wholly-owned subsidiary Dongrui signed a factoring agreement with Shanghai Hongxuan, with a financing amount of 41 million yuan and a term of one year. The agreement involves accounts receivable transferred from Shanghai Hongxuan's factoring clients as collateral
According to the announcement from Dongyin International Holdings (00668), on November 7, 2024, its directly wholly-owned subsidiary Dongrui, through Dongying Investment (which owns 77.58% as of the date of this announcement), entered into a factoring agreement with Shanghai Hongxuan. Under this 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 41 million, secured by accounts receivable transferred from Shanghai Hongxuan's factoring clients to Shanghai Hongxuan