Doyen International’s New Factoring Agreement in Focus

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

Doyen International Holdings Ltd., through its subsidiary Dongrui, has entered into a Factoring Agreement with Chongqing Baicui, involving a principal amount of RMB27.4 million. This agreement, backed by accounts receivable, marks a significant financial move as it exceeds certain percentage thresholds, making it a discloseable transaction under Hong Kong’s Listing Rules. The transaction has gained necessary consents, reinforcing its legitimacy and potential impact on the market.

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