China State Construction Announces New Factoring Deal

China State Construction International Holdings (HK:3311) has released an update.

China State Construction International Holdings, through its subsidiary CSC International Investments, has entered into a factoring arrangement involving the transfer of receivables worth approximately RMB200 million. These receivables are connected to construction projects in Zibo City’s Zichuan District and will be factored by CCCF without the need for shareholder approval, as the transactions fall within reporting thresholds.

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