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These 4 Measures Indicate That Yunnan Energy Investment (SZSE:002053) Is Using Debt Extensively
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YUNNAN ENERGY has entered into a factoring agreement with UREC (HK).
YUNNAN ENERGY (01298) announced that on December 30, 2024 (after trading hours in Hong Kong), the company entered into a factoring agreement with UREC (HK), whereby UREC (HK) agreed to provide the group with $1.7305 million in non-recourse factoring services, and the group agreed to assign its accounts receivable to UREC (HK) to obtain financing from UREC (HK).
Yunnan Energy International Signs Factoring Agreement With UREC (HK)