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Yue Da International Holdings Limited ( (HK:0629) ) just unveiled an update.
Yue Da International Holdings Limited announced that its subsidiary Yueda Commercial Factoring has entered into a new reverse factoring agreement with Yile Trading, granting a reverse revolving credit limit of RMB50 million at an annual return of 7% to 8% from 26 March 2026 to 26 March 2027. The facility, backed by a guarantee from Jiangsu Century New City Investment Holding Group, replaces an earlier fully utilized and repaid 2025 agreement and constitutes a discloseable transaction under Hong Kong Listing Rules, signaling ongoing demand for the group’s receivables financing services and a stable, secured income stream from its factoring business.
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, through its indirect wholly owned subsidiary Yueda Commercial Factoring, operates in the commercial factoring and receivables finance sector in the PRC. Yueda Commercial Factoring focuses on providing factoring, accounts receivable financing, management, collection and consultancy services to corporate clients across various industries.
Average Trading Volume: 188,793
Technical Sentiment Signal: Buy
Current Market Cap: HK$344.7M
For a thorough assessment of 0629 stock, go to TipRanks’ Stock Analysis page.