Core Viewpoint - Yueda International Holdings (00629) has entered into a factoring agreement with Binhai Chijin, which is expected to enhance the company's profitability and strengthen long-term business relationships with partners [1] Group 1: Agreement Details - The agreement involves Yueda Commercial Factoring providing accounts receivable financing, management services, and collection services to Binhai Chijin [1] - A reverse revolving credit limit of RMB 43 million is granted under the agreement, with an annual interest rate and factoring management fee totaling 8.2% [1] - The agreement is effective from January 9, 2026, and will expire on January 9, 2027 [1] Group 2: Business Implications - The factoring agreement is part of Yueda Commercial Factoring's routine business operations and is expected to contribute to the company's profits during the financing period [1] - The terms of the agreement are considered fair and reasonable by the board of directors, aligning with the overall interests of the company and its shareholders [1] - The agreement is seen as beneficial for the company's business expansion and for establishing long-term relationships with Hengfa, Binhai Jingfa, and Binhai Chijin [1]
悦达国际控股附属与滨海驰锦订立保理协议