Yida China Holdings Ltd. ( (HK:3639) ) has provided an announcement.
Yida China Holdings Ltd. has provided a quarterly update on its resumption process and continued suspension of trading. The company is actively working to comply with the resumption guidance from the Hong Kong Stock Exchange to resume trading. Despite delays in publishing financial results for 2023 and 2024, the company’s business operations remain stable, with contracted sales amounting to approximately RMB220 million. Additionally, the company is taking measures to enhance cash flow and manage debt risks through sales and asset disposal strategies. The appointment of new independent non-executive directors ensures compliance with listing rules, strengthening the company’s governance structure.
More about Yida China Holdings Ltd.
Yida China Holdings Ltd. is a company incorporated in the Cayman Islands, operating in the real estate sector. The company focuses on property development and sales, with a market presence in China.
Technical Sentiment Signal: Buy
Current Market Cap: €29.75M
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