Form 8-K CHINA YIDA HOLDING, CO. For: Oct 28
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT
TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): October 28, 2015
CHINA
YIDA HOLDING, CO.
(Exact Name of Registrant as Specified in Charter)
Nevada | 000-26777 | 50-0027826 | ||
(State
or other jurisdiction |
(Commission File Number) | (I.R.S.
Employer |
28/F Yifa Building, No. 111 Wusi Road Fuzhou, Fujian, P. R. China |
350003 | |
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: +86 (591) 2830 2230
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01 Other Events.
On October 28, 2015, the Company issued a press release. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated in this Item 8.01 by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. | Description | |
99.1 | Press Release dated October 28, 2015 |
2 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CHINA YIDA HOLDING, CO. | ||
Dated: October 28, 2015 | By: | /s/ Yongxi Lin |
Name: Yongxi Lin | ||
Title: Chief Financial Officer |
3
Exhibit 99.1
CHINA YIDA HOLDING ANNOUNCES RECEIPT OF “GOING PRIVATE”
PROPOSAL AND FORMATION OF SPECIAL COMITTEE
FUZHOU, China — October 28, 2015 — China Yida Holding, Co. (Nasdaq: CNYD) (“China Yida” or the “Company”), a tourism enterprise in China, today announced that the special committee of its Board of Directors (the “Special Committee”), formed to consider, review and evaluate the non-binding proposal received on October 24, 2015 from Mr. Minhua Chen, Chairman, CEO and President of the Company and Yanling Fan, Chief Operating Officer of the Company and the wife of Mr. Chen to acquire all of the outstanding shares of common stock of the Company not currently owned, legally or beneficially, by them, has retained Sidley Austin LLP as its international legal counsel and Roth Capital Partners as its independent financial advisor to assist the Special Committee in its work.
The Board cautions the Company’s shareholders and others considering trading in the Company’s securities that no decision has been made on the response to the proposal. There can be no assurance that any definitive offer will be made, that any agreement will be executed or that this or any other transaction will be approved or consummated. The Company does not undertake any obligation to provide any updates with respect to this or any other transaction, except as required under applicable law.
About China Yida
China Yida is a leading tourism enterprise focused on China’s fast-growing leisure industry and headquartered in Fuzhou City, Fujian province of China. The Company provides tourism management services and specializes in the development, management and operation of natural, cultural and historic scenic sites.
China Yida currently operates the Hua’An Tulou tourist destination (World Culture Heritage),China Yunding Park (National Park), China Yang-sheng (Nourishing Life) Paradise and the City of Caves.
For further information, please contact the Company directly, or visit its Web site at http://www.yidacn.net.
Forward-Looking Statements
Certain statements in this press release that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as “anticipate, “believe,” “expect,” “future,” “may,” “will,” “would,” “should,” “plan,” “projected,” “intend,” and similar expressions. Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of China Yida Holding Co., Inc. (the “Company”) to be materially different from those expressed or implied by such forward-looking statements. The Company’s future operating results are dependent upon many factors, including but not limited to: (i) the Company’s ability to obtain sufficient capital or a strategic business arrangement; (ii) the Company’s ability to build and maintain the management and human resources and infrastructure necessary to support the anticipated growth of its business; (iii) competitive factors and developments beyond the Company’s control; and (iv) other risk factors discussed in the Company’s periodic filings with the Securities and Exchange Commission, which are available for review at www.sec.gov.
For investor and media inquiries, please contact:
China Yida Holding, Co.
Jocelyn Chen
Phone: +86 591 28082230
Email: [email protected]
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