Doyen International Announces New Factoring Agreement

Doyen International Holdings Ltd. (HK:0668) has released an update.

Doyen International Holdings Ltd. has announced a new Factoring Agreement with Shanghai Hongxuan, involving a financing deal amounting to RMB41 million (approximately HK$45.1 million). The agreement, effective from November 7, 2024, for one year, is secured by accounts receivable from Shanghai Hongxuan’s factoring customers. This move is part of Dongrui, a subsidiary of Doyen’s joint venture, to expand its financial operations in collaboration with independent third-party firms.

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