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New Focus Auto Tech Holdings ( (HK:0360) ) has shared an update.
New Focus Auto Tech Holdings Limited announced the approval of a commercial factoring contract with Tianjin Zhongcai Commercial Factoring Co., Ltd. This contract will provide up to RMB30,000,000 in factoring financing for accounts receivable to support the working capital of its subsidiary, New Focus Lighting & Power (Shanghai). The agreement, which runs from July 18 to December 31, 2025, includes guarantees from other subsidiaries and is considered a fair and reasonable transaction by the company’s directors.
More about New Focus Auto Tech Holdings
New Focus Auto Tech Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in the automotive industry. It offers a range of products and services related to automotive lighting and power technology, with a focus on the Chinese market.
Average Trading Volume: 8,721,234
Technical Sentiment Signal: Sell
Current Market Cap: HK$912.5M
For an in-depth examination of 0360 stock, go to TipRanks’ Overview page.