Yue Da International Holdings (00629) announced that on September 2, 2024, its indirect wholly-owned subsidiary Yue Da Commercial Factoring entered into a factoring agreement with Xinhezuohuoliangshi (New Cooperative Grain) (the "Factoring Agreement"). Under the Factoring Agreement, Yue Da Commercial Factoring agrees to provide accounts receivable financing, accounts receivable management services, and accounts receivable collection services (the "Accounts Receivable Services") to Xinhezuohuoliangshi, and grants a revolving credit limit of RMB 50 million. The annual interest rate and factoring management fee amount to 8% to 9%, and the agreement is valid from September 2, 2024, to September 1, 2025.
Yue Da International Holdings (00629) announced that on September 2, 2024, its indirect wholly-owned subsidiary Yue Da Commercial Factoring entered into a factoring agreement with Xinhezuohuoliangshi (New Cooperative Grain) (the "Factoring Agreement"). Under the Factoring Agreement, Yue Da Commercial Factoring agrees to provide accounts receivable financing, accounts receivable management services, and accounts receivable collection services (the "Accounts Receivable Services") to Xinhezuohuoliangshi, and grants a revolving credit limit of RMB 50 million. The annual interest rate and factoring management fee amount to 8% to 9%, and the agreement is valid from September 2, 2024, to September 1, 2025.
