SY Holdings Group Limited (HK:6069) has released an update.
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SY Holdings Group Limited has announced the sale of its accounts receivable for approximately RMB 83.4 million to an independent third party. The transaction, which involves an indirect wholly owned subsidiary, SY Factoring, falls under a discloseable transaction due to its aggregation with previous transactions with the same purchaser. This deal will require reporting and announcement as per the relevant Listing Rules, with the purchaser continuing to pay monies due to SY Factoring, which in turn will transfer the funds to the purchaser.
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