Business Daily Media

Tradewind Finance Provides Export Factoring Facility for Electronics Trader in Hong Kong

HONG KONG SAR - Media OutReach - 19 July 2023 - Tradewind Finance is pleased to confirm the closing of a USD 700,000 export factoring facility for an electronics trader based in Hong Kong, a key trading hub for electronics products in Asia-Pac.

This financial partnership enabled the company to receive immediate cash for its outstanding accounts receivable, while also maintaining strong relationships with both suppliers and buyers.

Major export markets for Hong Kong's electronics exports include mainland China, the EU, the ASEAN, and the US, according to Hong Kong Trade Development Council. Mainland China is also the major source of Hong Kong's electronic products trade.

The company originally focused on software development, and has successfully supplied electronic products to customers in the US for many years. With high-quality products sourced from mainland China, the trader has received various recognitions and is greatly welcomed by the US market. Its diverse buyer portfolio includes numerous distributors that operate on a large scale, making it a well-respected player in the market.

However, the company's growth has been limited by its tied-up cash flow in its accounts receivables. Adequate working capital became an urgent need for the fast-growing exporter, which has been financed mainly through internal resources.

With tailor-made trade finance solutions, composed of an export factoring facility of USD 700,000, trade credit insurance, and account receivable management provided by Tradewind, the company obtained the necessary working capital to support its continued success, including taking on more orders with payment terms of 90 days open account, growing its business, and increasing its revenue effectively.

"The scalable factoring facility is suitable for the company to achieve its goals and reach its full potential. It is expected that they will add more qualified buyers to the portfolio after the trial of our services. We look forward to a successful and sustainable partnership in the future," said Dickson Au, Regional CEO – Far East, at Tradewind Hong Kong.

Hashtag: #tradewindfinance #tradefinance #exportfactoring #electronics


The issuer is solely responsible for the content of this announcement.

Tradewind Finance

Founded in 2000, maintains a network of offices all over the world, including Bangladesh, Brazil, Bulgaria, China, Hong Kong SAR, Hungary, India, Pakistan, Peru, Turkey, UAE, and the USA as well as the headquarters in Germany. Combining financing, credit protection, and collections into a single suite of trade finance products, Tradewind brings streamlined, flexible, and best-in-class services to the world's exporters and importers.

News from Asia

Vingroup possesses the three prerequisites for a green future

Vingroup, Vietnam's largest private conglomerate, is poised to lead the nation's green transition. Backed by substantial resources, top talent, and cutting-edge technology, Vingroup is well-equippe...

International Business Forum "World of Opportunities: RussiaASEAN" to be Held in Malaysia

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 12 November 2024 – Kuala Lumpur will host the "World of Opportunities: Russia-ASEAN" International Business Forum on November 26-27, bringin...

Pacific Neighbors: Celebrating ties between two ancient civilizations

LIMA, PERU / CHENGDU, CHINA - Media OutReach Newswire – 13 November 2024 - All this week, Peru is hosting the Asia-Pacific Economic Cooperation (APEC) Meetings in Lima. There is al...

E-Commerce Key Export Enabler For Asean-6 Micro, Small And Medium Sized Enterprises According To Report Commissioned By Amazon Global Selling

90% of Micro, Small and Medium-sized Enterprises (MSMEs) in ASEAN-6[1] stated that they would not be able to export without e-commerce. U.S...

30 Years and Beyond - CEIBS hosts 30th Anniversary Celebration

SHANGHAI, CHINA - Media OutReach Newswire – 13 November 2024 - China Europe International Business School (CEIBS) today held a grand celebration at its Shanghai campus marking its 30th anniversary...

XTransfer Named in "2024 Global Digital Trade Industry Enterprise 100"

HONG KONG SAR - Media OutReach Newswire - 3 October 2024 - XTransfer, the World's Leading & China's No.1 B2B Cross-Border Trade Payment Platform, is pleased to announce that it has been selec...

Dusit International and TDF collaborate to drive excellence in the hospitality sector

BANGKOK, THAILAND - Media OutReach Newswire – 13 November 2024 - Dusit International, one of Thailand's leading hotel and property development companies, has signed a Memorandum of Understanding (...

XTransfer Stage Speech Captivates Audience at Singapore Fintech Festival

Highlighting Financial Risk Control Innovations, Actively Exploring Regional Collaboration Opportunities SINGAPORE - Media OutReach Newswire – 13 November 2024 - XTransfer, the World's Leading &a...

SiegFund Expands Global Footprint Following Success Across APAC

HONG KONG SAR - Media OutReach Newswire - 13 November 2024 - SiegFund, a premier proprietary trading talent acquisition firm, is making waves with its strategic global expansion. Originating in Au...

James Dyson Award announces its 2024 global winners: Hair-loss prevention device for chemotherapy patients and Sustainable ‘maple seed’ weather balloon

HONG KONG SAR - Media OutReach Newswire - 13 November 2024 - Today, the James Dyson Award unveils its two global winners, each receiving £30,000 for solving significant problems of global import...

How to Get Your Property Ready to Sell

When you are selling your house, preparing it for viewings is very important but can equally be very stressful. This is something that is not only g...

Property

What a Labor Government means for housing affordability and the Australian property market

Housing was a defining issue of this month’s Federal Election and the Labor party’s win brings with it a raft of policy measures designed to address t...

Property

Deep Blue Company marks 10 years of operation with major milestone of largest national market share

The Australian pioneer of digital conveyancing is now 20 times larger than the nearest competitor in the sale-to-settlement category following pla...

Property

Why Should Your First Home Be a Custom Build?

Are you in the market for your first home? If so, you may be wondering if you should buy an existing home or build one from scratch. There are pro...

Property

4 Steps to Calculating the Cost of a Granny Flat

More and more Australians are choosing to build granny flats, and for a good reason! They provide additional living space for elderly parents or a...

Property

How Successful Businesses Make a Good Impression on Customers

For a business to go from being barely profitable to highly successful, it has to do a number of things right. No business stumbles upon long term...

Business Training