FINWIRES · TerminalLIVE
FINWIRES

Yida China Unit Hit With Lawsuit Over 746 Million Yuan Loan; Shares Slip 5%

-- Yida China (HKG:3639) said its unit, Dalian Software Park, has been sued by a branch of Shanghai Pudong Development Bank (SHA:600000) over a loan dispute, according to a Monday Hong Kong bourse filing.

Shares of the property firm were down nearly 5% in Tuesday's late morning trade.

The lender is seeking repayment of about 746.5 million yuan in outstanding principal, along with interest and penalties, and has requested enforcement of mortgage rights over certain pledged properties.

The claim relates to an alleged breach of a funds supervision agreement after rental income from a tenant was not deposited into a designated account.

Yida China said the loan had been performing normally and disputed the lender's demand for early repayment, adding that it is seeking legal advice and assessing the financial impact.

Related Articles

Treasury

Scotiabank Previews This Week's Retail Sales Data in Canada

Canadian retail sales for the month of February and the preliminary estimate for March will be released on Friday, said Scotiabank.Statistics Canada had previously indicated that February's nominal sales were tracking a gain of almost 1% month-over-month seasonally adjusted. That may be revised, which isn't uncommon, and required details like volumes versus prices and sector breakdowns will be offered, noted the bank.March is a bit of a wildcard and only the headline preliminary estimate will be offered, stated Scotiabank.Q1 is tracking the fastest growth in retail sales volumes since H2 2024, pointed out the bank. That's based on the Q4 average, the surge in January and Scotiabank's estimate of the volume portion of the preliminary guidance for February's sales, while holding March unchanged to focus the math on what is known.Investors will learn more this week, but this measure correlates very strongly with goods spending by consumers within the gross domestic product accounts.

$$CXY
Asia

Nanya Technology Buys Factory Equipment Worth NT$365 Million

Nanya Technology (TPE:2408) acquired factory equipment worth NT$365.1 million for production purposes.The equipment was purchased from Nan Ya Photonics, a related party, between December 2025 and April 2026, according to a Wednesday Taiwan Exchange filing.The purchase will support the company's operational and manufacturing needs, itthe company said.

$TPE:2408
Asia

LG, Nvidia to Develop Domain-Specific AI Models

LG AI Research Institute and Nvidia agreed to expand their collaboration to develop new AI models, LG Corp. (KRX:003550) said in a press release on Wednesday.The two entities plan to develop domain-specific AI solutions, which would involve combining LG's AI model ExaONE with Nvidia's Nemotron AI ecosystem, the release said.Shares of LG Corp. rose nearly 1% at market close.

$KRX:003550