Yida China sells property to settle RMB275.78m debt, faces preliminary loss

Yida China Holdings Limited is undertaking a very substantial disposal of a property in Dalian City to Dalian HengYe, a wholly-owned subsidiary of Dalian Finance Bureau. The RMB275.78 million consideration will offset part of the RMB296.6 million outstanding amount owed by Yida's subsidiary, Outsourcing Company, to Dalian Finance Bureau, as per a Dalian Court order dated October 25, 2024. The property, located in Dadonggou Village, has suspended construction and development.

The transaction, which constitutes a very substantial disposal under Listing Rules, is subject to shareholder approval. It is expected to be completed upon registration and transfer of property interests. This move is aimed at mitigating liquidity risks and timely settling outstanding liabilities, despite resulting in an estimated preliminary net loss of approximately RMB184 million for Yida China.

In related news, Yida China reported unaudited operating statistics for September 2025, with contracted sales of approximately RMB48 million and an attributable gross floor area sold of 3,339 sq.m. at an average selling price of approximately RMB14,338 per sq.m. For the nine months ended September 30, 2025, contracted sales reached approximately RMB572 million, with an attributable average selling price of approximately RMB12,840 per sq.m.