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Yida China Holdings Ltd. ( (HK:3639) ) just unveiled an announcement.
Yida China Holdings Ltd. has announced a breach of a loan agreement involving its subsidiary, Dalian Shengbei Development Company Limited, which failed to repay a RMB300 million loan from Sichuan Trust Co., Ltd. The default has resulted in the transfer of creditor rights to China CITIC Bank Corporation Limited, Dalian Branch, and poses a significant financial risk to Yida China Holdings Ltd. as the company negotiates with the bank to resolve the issue.
More about Yida China Holdings Ltd.
Yida China Holdings Ltd. operates in the real estate industry, primarily focusing on property development and related services. The company is engaged in the development of residential, commercial, and industrial properties, with a market focus on urban developments in China.
YTD Price Performance: -24.74%
Average Trading Volume: 526,428
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$188.6M
For a thorough assessment of 3639 stock, go to TipRanks’ Stock Analysis page.