Yida China Holdings Discloses Breach of Loan Agreement Amid Ongoing Debt Restructuring Talks
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Yida China Holdings Limited has disclosed that its subsidiaries, Dalian Shenghe and Dalian Rongda, have defaulted on loan repayments under a Debt Restructuring Agreement, leading to an overdue principal of RMB294 million. The company is in negotiations with creditors to extend the agreement, but no new terms have been finalized. The board is evaluating the financial implications of this default and has advised shareholders to proceed with caution. Further updates will follow as necessary.
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