Yida China Holdings Limited disclosed that its indirect subsidiary, Yida Development Company Limited, has defaulted on a debt-restructuring loan with the Export-Import Bank of China Liaoning Branch.
On 8 December 2023, Yida Development entered a restructuring agreement involving a principal of RMB102.60 million, a 4% annual interest rate, and a final maturity on 20 November 2028. Collateral comprises: 1) property mortgages totalling roughly 62,700 sq m provided by subsidiaries Dalian Yida Meijia Real Estate Development, Dalian Software Park, and Dalian Science and Technology City Xintong Development; 2) pledged sales proceeds from Dalian Shengyue Real Estate Development; and 3) joint-and-several guarantees from Dalian Yida Real Estate and Dalian Software Park.
The subsidiary failed to settle the most recent instalment, leaving an outstanding balance of RMB102.20 million and placing the loan in default.
Separately, the company added detail on an unresolved Bohai Trust loan. Although local regulators facilitated talks between Gaoji Company, Bohai Bank (the entruster) and Bohai Trust, negotiations in late February 2026 did not produce an extension agreement.
Group-wide impact is significant. As of 30 June 2025, overdue borrowings totalled RMB6.44 billion, while a further RMB5.11 billion could be accelerated by contractual cross-default clauses. The latest estimate (28 February 2026) puts the portion already cross-defaulted at RMB4.22 billion; this amount is included within the previously disclosed overdue and potentially accelerated debt.
The board is assessing the financial consequences and continues discussions with lenders. Investors are advised to consider related risks and exercise caution when dealing in the company’s securities.
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