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Yue Da International Holdings Limited ( (HK:0629) ) just unveiled an update.
Yue Da International Holdings Limited has disclosed that a series of factoring agreements, which require shareholder approval by written resolution, must be accompanied by a circular detailing the transactions and the Group’s financial information. Under Hong Kong Listing Rule 14.41(A), this circular was originally required to be dispatched by 13 February 2026.
The company has applied for, and referenced prior grants of, a waiver from strict compliance with this timing requirement, citing the need for additional time to prepare financial information including indebtedness and cash flow forecasts. As a result, the expected dispatch date of the circular has been extended, with the company now targeting issuance on or before 13 March 2026, signalling a short delay in the approval process for the factoring arrangements.
The most recent analyst rating on (HK:0629) stock is a Hold with a HK$0.28 price target. To see the full list of analyst forecasts on Yue Da International Holdings Limited stock, see the HK:0629 Stock Forecast page.
More about Yue Da International Holdings Limited
Yue Da International Holdings Limited is a Hong Kong-listed company incorporated in the Cayman Islands, trading under stock code 629. It operates through a group structure referred to as the Group, and uses financing tools such as factoring agreements, indicating a focus on capital management and funding arrangements to support its business activities.
Average Trading Volume: 177,937
Technical Sentiment Signal: Hold
Current Market Cap: HK$327.2M
Learn more about 0629 stock on TipRanks’ Stock Analysis page.