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Yida China Holdings Ltd. ( (HK:3639) ) just unveiled an announcement.
Yida China Holdings Ltd., through its subsidiaries, has entered into an Offset Agreement with Dalian HengYe, a company owned by the Dalian Finance Bureau. This agreement involves the transfer of property interests by Yida’s subsidiary, Dalian ChangDe, to Dalian HengYe in exchange for offsetting a portion of an outstanding amount owed to the Dalian Finance Bureau. The transaction, classified as a very substantial disposal under the Listing Rules, requires shareholder approval and is subject to certain conditions. The outcome of this transaction could significantly impact Yida China Holdings Ltd.’s financial obligations and operational focus.
More about Yida China Holdings Ltd.
YTD Price Performance: -27.84%
Average Trading Volume: 925,527
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$180.9M
Find detailed analytics on 3639 stock on TipRanks’ Stock Analysis page.