On December 23, Gelonghui announced that with the rapid development 300793.SZ of the company's business, the balance of accounts receivable of the company and its wholly-owned subsidiaries has increased accordingly. In order to accelerate the Company's liquidity turnover and meet the Company's daily operating capital and business further expansion needs, the Company and its wholly-owned subsidiary, Jiahe Acoustics (Hong Kong) Co., Ltd., intend to carry out factoring business with domestic and foreign financial institutions and quasi-financial institutions ("Cooperative Institutions"). The total amount of accounts receivable to be authorized for transfer shall not exceed 3 billion yuan, and the period shall be valid for one year from the date of deliberation and approval by the shareholders' general meeting. The amount and duration of a single transaction shall be subject to the specific contract.
This article originated from Grand Gateway
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