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.
For further insights into HK:0668 stock, check out TipRanks’ Stock Analysis page.