Jiahe Intelligent (300793.SZ): Plans to carry out accounts receivable factoring business

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