Asia
Yue Da International Unit Provides 30 Million Yuan Reverse Factoring Facility; Shares Jump 8%
Yue Da International (HKG:0629) said its indirect wholly owned subsidiary, Yueda Commercial Factoring, agreed to provide a 30 million yuan reverse revolving factoring facility to Dongtai Houyao.The facility, which carries an annual interest rate and factoring administration fee of 6.5% to 7.2%, will be effective from July 23, 2026 through Sept. 30, 2027, according to a Thursday Hong Kong bourse filing.Shares of the company jumped over 8% in recent trade.
HKG:0629
