[ET Net News Agency, 18 February 2020] Sheng Ye Capital Limited (06069) said its
subsidiary Khorgos Yong Zhuo Factoring has agreed to dispose of accounts receivables at
considerations of approximately RMB78.7 million, RMB69.6 million and RMB64.9 million
respectively.
The group entered into the disposal agreements with the intention of improving the cash
flow of the group, managing the group's factoring assets portfolio and providing funds for
the group's factoring business. (RC)