Yue Da International (HKG:0629) said its indirectly wholly owned subsidiary, Yueda Commercial Factoring, has entered into a second factoring agreement with Danhe Greening, granting a revolving credit limit of 60 million yuan, according to a Wednesday Hong Kong bourse filing.

Shares of the financial services provider fell nearly 14% in late-morning trading on Thursday.

Under the agreement, which takes effect from Dec. 17, 2025, to June 18, 2027, Yueda Commercial Factoring will provide accounts receivable financing, management, and collection services at a combined annual interest rate and administration fee of between 8% and 8.5%, the company said.

The latest transaction follows three earlier factoring agreements signed in March, September, and early December.