Current Report Filing (8-k)
28 October 2015 - 10:14PM
Edgar (US Regulatory)
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
of incorporation) |
|
(Commission
File Number) |
|
(I.R.S.
Employer
Identification Number) |
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 |
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:
jocelynchen@yidacn.net
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