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Yida China Holdings Faces Loan Agreement Breach

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Yida China Holdings Faces Loan Agreement Breach

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An announcement from Yida China Holdings Ltd. ( (HK:3639) ) is now available.

Yida China Holdings Limited has disclosed a breach of a loan agreement by its subsidiary, Dalian Shengbei, which failed to repay a loan in time, leading to an overdue status. China CITIC Dalian has applied for compulsory enforcement of the loan, totaling approximately RMB270 million, including interest and penalties. The company is seeking legal advice and negotiating repayment arrangements while monitoring legal procedures. Stakeholders are advised to exercise caution when dealing with the company’s securities.

More about Yida China Holdings Ltd.

YTD Price Performance: -34.02%

Average Trading Volume: 507,787

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$155M

For detailed information about 3639 stock, go to TipRanks’ Stock Analysis page.

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