China Yida Holding Company, a leading diversified entertainment enterprise focused on the fast-growing media and tourism industries in China, recently announced that the company has received approval to list its common stock on the NASDAQ Exchange. The company will begin trading on the NASDAQ today with the new ticker symbol “CNYD.”
Dr. Minhua Chen, chairman and chief executive officer of China Yida, commented, “We are honored to list our shares on NASDAQ, one of the world’s preeminent stock exchanges. We view this upgrade as a significant milestone in our company’s development and validation of our corporate governance practices.” Dr. Chen continued, “We anticipate that China Yida will benefit from higher visibility within the investment community, improved liquidity and better access to the capital markets to support the profitable growth of our business.”
China Yida’s media business provides channel, column and advertisement management for the Fujian Education Television Station, a top-rated provincial education television channel, and “Journey through China on the Train,” an advertisement-embedded travel program. In addition, the company provides tourism management services and specializes in the development, management and operation of natural, cultural and historic scenic sites totaling more than 300 square kilometers in China.