YUE DA INTL (00629) Subsidiary Enters into Reverse Factoring Agreement with Hengfa

Stock News

08/29

YUE DA INTL (00629) announced that on August 29, 2025, the company's indirect wholly-owned subsidiary Yueda Commercial Factoring entered into a reverse factoring agreement with Hengfa. Under the reverse factoring agreement, Yueda Commercial Factoring agrees to provide accounts receivable financing, accounts receivable management services, and accounts receivable collection services to Hengfa, and grants a reverse revolving credit facility of RMB 23 million. The combined annual interest rate and factoring management fee is 8.5%, effective from August 29, 2025, and expiring on September 10, 2027.

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Under the reverse factoring agreement, Yueda Commercial Factoring agrees to provide accounts receivable financing, accounts receivable management services, and accounts receivable collection services to Hengfa, and grants a reverse revolving credit facility of RMB 23 million. The combined annual interest rate and factoring management fee is 8.5%, effective from August 29, 2025, and expiring on September 10, 2027.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1186","symbol_name":"特殊金融服務","start_time":0,"source_url":"","article_id":"1124844482","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1124844482","pubTimestamp":1756441459,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"YUE DA INTL (00629) announced that on August 29, 2025, the company's indirect wholly-owned subsidiary Yueda Commercial Factoring entered into a reverse factoring agreement with Hengfa. Under the...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1186":"特殊金融服务","00629":"悦达国际控股"},"translate_title":"悦达国际(00629)附属公司与恒发订立反向保理协议","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00629":1},"content_text":"YUE DA INTL (00629) announced that on August 29, 2025, the company's indirect wholly-owned subsidiary Yueda Commercial Factoring entered into a reverse factoring agreement with Hengfa. Under the reverse factoring agreement, Yueda Commercial Factoring agrees to provide accounts receivable financing, accounts receivable management services, and accounts receivable collection services to Hengfa, and grants a reverse revolving credit facility of RMB 23 million. 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