Yida China Holdings Faces RMB612 Million Lawsuit from Northern Trust
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Yida China Holdings Limited is facing a lawsuit from Northern Trust for failing to repay a loan. The lawsuit, filed in Tianjin's Secondary Intermediate People’s Court, seeks RMB612 million, including principal, interest, and penalties. Northern Trust also demands priority compensation from collateral proceeds and reimbursement of legal expenses. Yida China is seeking legal advice and negotiating a settlement. Investors are advised to consider related risks when dealing with the company's securities.
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