**Yida China Holdings Limited Announces Accounting Issue and Asset Disposal Efforts** Yida China Holdings Limited (HKEX: 3639) has provided an update regarding a disclaimer of opinion raised in its annual report for the year ended 31 December 2024. The company disclosed that Dalian Shengbei Development Company Limited, a subsidiary, failed to repay a loan from China CITIC Bank Corporation Limited, Dalian Branch, resulting in overdue payments of approximately RMB 270 million as of 25 April 2025. The creditor has filed for compulsory enforcement with the Shanghai Financial Court. In response, Yida China is strengthening cost controls, streamlining its management structure, and actively seeking asset disposals to generate additional cash inflows. The company emphasized continued cooperation with business partners and ongoing efforts to improve its financial position. Further developments will be announced in accordance with Hong Kong Listing Rules.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Yida China Holdings Limited published the original content used to generate this news brief on September 30, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.