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DJ EQS-News: Sheng Ye Capital Completes First Offshore Syndicated Loan in China's Factoring Market, Raising Over RMB 500 million EQS-News / 16/03/2021 / 10:26 UTC+8 [Press Release]
Sheng Ye Capital Completes First Offshore Syndicated Loan in China's Factoring Market, Raising Over RMB 500 million
Hong Kong, 16 March 2021 - Sheng Ye Capital Limited ("SY Capital" or the "Group", HKEx: 6069), China's first commercial factoring company listed on the main board of the Hong Kong Stock Exchange, today announced that its subsidiary, SY Factoring Limited ("SY Factoring" or the "Company"), signed a two-year RMB 525 million offshore syndicated loan agreement with a consortium led by Mega International Commercial Bank ("Mega Bank") and Bank SinoPac. This marks the first offshore syndicated loan in China's factoring market, reaffirming the consortium's confidence in the Group's risk management capabilities as well as its push towards technology leadership, and a platform-based growth strategy.