Yida China Warns of Lingering Liquidity Strain as Creditors Pursue Legal Enforcement
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Yida China Holdings Ltd. has warned of ongoing liquidity pressures as it faces legal actions from creditors amid a weak property market. The company is negotiating debt settlements while dealing with overdue bank borrowings, including a RMB194 million loan enforcement by China CITIC Bank and a RMB612 million lawsuit from Northern International Trust. To improve cash flow, Yida is tightening cost controls and accelerating asset disposals, but acknowledges that significant results will take time. The stock is currently rated as a Hold with a price target of HK$0.05, reflecting a year-to-date price drop of 53.61%.
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