Yue Da International Holdings Signs New Factoring Agreements

Reuters
Dec 19, 2025
Yue Da International Holdings Signs New Factoring Agreements

Yue Da International Holdings Limited announced that its indirect wholly owned subsidiary, Yueda (Shenzhen) Commercial Factoring Co., Ltd., entered into the Yancheng Port Supply Chain Factoring Agreement and the Yancheng Port Development Factoring Agreement on 19 December 2025. Under these agreements, Yueda Commercial Factoring agreed to provide accounts receivable services and grant revolving factoring financing credit limits to Yancheng Port Supply Chain and Yancheng Port Development. The agreements allow the counterparties to apply for accounts receivables transfer and factoring services subject to satisfactory credit assessment by Yueda Commercial Factoring. Written shareholder approval has been obtained for the transactions, and no general meeting will be convened. A circular containing further details is expected to be dispatched to shareholders on or before 14 January 2026.

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