Yue Da International Secures Majority Approval for Major Binhai Factoring Deal

Yue Da International Holdings Limited ( (HK:0629) ) has provided an announcement.

Yue Da International Holdings Limited has expanded its commercial factoring business by having its indirect wholly owned subsidiary, Yueda Commercial Factoring, enter into a new reverse factoring agreement with Binhai Chijin, granting a RMB43 million reverse revolving credit facility at a combined annual interest and administration fee rate of 8.2% for a one-year term starting 9 January 2026. When aggregated with earlier factoring arrangements with related Binhai entities, the suite of factoring agreements constitutes a major transaction under Hong Kong listing rules, triggering reporting, announcement, circular and shareholder-approval requirements; the company has already secured written approval from its majority shareholder, Yueda Capital (HK) Limited, thereby obviating the need for a general meeting and paving the way for continued expansion of its receivables financing operations with state-linked counterparties in Binhai County.

The most recent analyst rating on (HK:0629) stock is a Hold with a HK$0.50 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, operates through subsidiaries including Yueda Commercial Factoring to provide accounts receivables financing, management and collection services, with a focus on commercial factoring and related credit solutions in mainland China.

Average Trading Volume: 205,863

Technical Sentiment Signal: Buy

Current Market Cap: HK$350.6M

See more data about 0629 stock on TipRanks’ Stock Analysis page.