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Yida China Holdings Ltd. ( (HK:3639) ) has provided an update.
Yida China Holdings Limited has disclosed a breach of a loan agreement with Northern International Trust Co., Ltd., involving a project loan of RMB1.014 billion. The breach has resulted in a cross-default situation, with the company failing to repay approximately RMB5.1 billion in loans. The board is actively negotiating an extension for the borrowing and assessing the financial impact of the default, urging shareholders and investors to exercise caution.
More about Yida China Holdings Ltd.
Yida China Holdings Limited is a company incorporated in the Cayman Islands, primarily involved in property development and management. The company focuses on developing industrial parks and related properties in China, with a significant presence in areas like Dalian and Zhengzhou.
YTD Price Performance: -30.93%
Average Trading Volume: 573,730
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$173.1M
See more data about 3639 stock on TipRanks’ Stock Analysis page.