Yue Da International Delays Factoring Deal Circular After Securing Listing Rules Waiver

An update from Yue Da International Holdings Limited ( (HK:0629) ) is now available.

Yue Da International Holdings has notified investors that it will delay sending a shareholder circular related to six previously announced factoring agreements, which are to be approved by written shareholder consent. The company says it needs more time to prepare and finalise group financial information, including indebtedness and cash flow forecasts for its working capital statement, and has obtained a waiver from strict compliance with listing rules to extend the circular’s dispatch deadline to on or before 27 February 2026.

The extension suggests the company is still working through the detailed financial implications of the factoring arrangements, potentially affecting how investors assess its leverage, liquidity and risk management. While the delay is sanctioned by the Stock Exchange through a formal waiver, stakeholders will be watching for the forthcoming circular to gauge the impact of these transactions on the group’s financial position and governance practices.

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, incorporated in the Cayman Islands and listed in Hong Kong under stock code 629, operates through a board comprising executive, non-executive and independent non-executive directors. The company is subject to the Hong Kong Listing Rules and engages in transactions requiring shareholder approvals and detailed financial disclosures to the market.

Average Trading Volume: 174,855

Technical Sentiment Signal: Hold

Current Market Cap: HK$327.2M

Find detailed analytics on 0629 stock on TipRanks’ Stock Analysis page.