YUE DA INTL (00629) subsidiary enters into a reverse factoring agreement with Yile Trading.
Yue Da International Holdings (00629) announced that on March 26, 2026, its indirectly wholly-owned subsidiary Yue Da Commercial Factoring and Yi Le Commerce entered into a reverse factoring agreement.
YUE DA INTL (00629) announced that on March 26, 2026, its indirectly wholly-owned subsidiary Yueda Commercial Factoring and Yile Commerce entered into a reverse factoring agreement. According to the reverse factoring agreement with Yile Commerce, Yueda Commercial Factoring agreed to provide accounts receivable financing, accounts receivable management services, and accounts receivable collection services to Yile Commerce, and granted a reverse revolving credit limit of 50 million RMB, with an annual interest rate and factoring management fee totaling 7% to 8%. The agreement will be effective from March 26, 2026, and will expire on March 26, 2027. Additionally, Yueda Commercial Factoring and Yile Commerce agreed to terminate the 2025 reverse factoring agreement with Yile Commerce in advance, effective from March 26, 2026, as the credit limit under that agreement had been fully utilized and fully repaid.
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