Yunnan Energy International Co (SGX:T43) entered into a non-recourse factoring agreement with UREC (HK) for a facility of $1.73 million, effective from Dec. 30 to Dec. 31, 2026.

The agreement involves transferring outstanding receivables to UREC (HK) without recourse if payments are not received.

The company will receive the net amount of $1.47 million in four installments, minus a 15% factoring fee, according to a Monday filing on the Singapore Exchange.