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The latest announcement is out from Gome Finance Technology Co ( (HK:0628) ).
Gome Finance Technology Co., through its subsidiary GOME Xinda, has entered into a new framework agreement with Ningbo Duo Bian Hui Shang International Trade Co., Ltd. for the provision of factoring loans. This agreement, which is a continuation of a previous arrangement, allows GOME Xinda to provide loans up to RMB210 million, conditional upon the transfer of certain receivables. The agreement aims to enhance Gome’s commercial factoring business, a key revenue source, by establishing a long-term business relationship with the borrower.
More about Gome Finance Technology Co
Average Trading Volume: 197,145
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.3B
For a thorough assessment of 0628 stock, go to TipRanks’ Stock Analysis page.