China Yida (CNYD) Warns of Fraudulent M&A Email from Third Part
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China Yida Holding Company (Nasdaq: CNYD) has warned investors as to inquiries from certain entities.
Recently, the Company heard from a few shareholders that they had received emails from some so-called merger management companies who claimed that they are acting in connection with a take-over deal. Shareholders were told these shareholders held common stock positions being registered as InteliSys Aviation Systems, a former entity of China Yida. Some investors were even offered very attractive prices and were told that there were warrants attached to these shares that had value. Please be advised that there are no warrants attached to the shares. Shareholders were also being requested to pay a documentation fee in advance in order to facilitate a transaction.
China Yida's management is concerned that these are scams from fraudulent entities. Although InteliSys Aviation Systems has the origin of being the Company's public shell company, there are no warrants attached to these InteliSys Aviation Systems shares. Management encourages investors to validate their CNYD stock positions first, by sending emails to ir@yidacn.net, and upon receiving these suspicious mails, to be extremely cautious about signing over shares or disbursing with any funds.
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Recently, the Company heard from a few shareholders that they had received emails from some so-called merger management companies who claimed that they are acting in connection with a take-over deal. Shareholders were told these shareholders held common stock positions being registered as InteliSys Aviation Systems, a former entity of China Yida. Some investors were even offered very attractive prices and were told that there were warrants attached to these shares that had value. Please be advised that there are no warrants attached to the shares. Shareholders were also being requested to pay a documentation fee in advance in order to facilitate a transaction.
China Yida's management is concerned that these are scams from fraudulent entities. Although InteliSys Aviation Systems has the origin of being the Company's public shell company, there are no warrants attached to these InteliSys Aviation Systems shares. Management encourages investors to validate their CNYD stock positions first, by sending emails to ir@yidacn.net, and upon receiving these suspicious mails, to be extremely cautious about signing over shares or disbursing with any funds.
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