Gome Finance Technology Co (HK:0628) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Gome Finance Technology Co., Ltd. has replaced its previous agreement with a new framework agreement with Shanghai Huiqiao International Trade Co., Ltd. for providing factoring loans up to RMB 190 million. This agreement is a strategic move to bolster Gome Finance’s commercial factoring business, a major income source, and to foster a long-term business relationship with the borrower. The transaction is classified as discloseable, as per the Listing Rules, due to its percentage ratios.
For further insights into HK:0628 stock, check out TipRanks’ Stock Analysis page.