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Yida China Holdings Ltd. ( (HK:3639) ) has issued an update.
Yida China Holdings has disclosed that its indirect wholly owned subsidiary Dalian Shenghe and co-debtor Dalian Rongda have defaulted on a RMB294 million restructured loan from China Great Wall Asset Management, secured by land and guaranteed by Yida Development, after failing to repay the debt by the extended maturity date of 28 September 2023. The overdue loan forms part of a broader liquidity strain: as of 30 June 2025, the group had RMB6.44 billion of overdue borrowings and a further RMB5.11 billion subject to immediate repayment on lender demand, with cross-defaults tied to these missed payments estimated at about RMB4.98 billion by 30 November 2025; the company is still negotiating extensions and restructuring with creditors and assessing the financial impact, warning shareholders and potential investors about elevated default risk and uncertainty over its debt position.
The most recent analyst rating on (HK:3639) stock is a Hold with a HK$0.05 price target. To see the full list of analyst forecasts on Yida China Holdings Ltd. stock, see the HK:3639 Stock Forecast page.
More about Yida China Holdings Ltd.
Yida China Holdings Limited is a Cayman Islands-incorporated company listed in Hong Kong, operating through subsidiaries in mainland China. The group is engaged in property development and related real estate activities, including the development of large-scale projects in Dalian and other regions, and relies significantly on secured borrowings and restructuring arrangements to finance its operations.
YTD Price Performance: -53.61%
Average Trading Volume: 1,033,440
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$118.9M
For detailed information about 3639 stock, go to TipRanks’ Stock Analysis page.