Gome Finance Technology Co (HK:0628) has released an update.
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.
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