China Yida Holding Co., together with its subsidiaries, engages in the tourism business in Fujian and Jiangxi provinces in China. It develops, operates, manages, and markets tourist destinations, including natural, cultural, and historical tourist destinations and theme parks.
China Yida changed their auditor 3 times in 2 years. (Kabani & Co. to BDO China Li Xin Da Hua CPA in May 2010, then Friedman LLP in Aug 2010, KCCW Accountancy Corp in Apr 2012)
The company’s highest profit was $25.5m in 2009. It started making losses in 2012, when it lost $0.3m. In 2014, it made a loss of $29m.
Pope Investments Ii Llc, a 10% owner, bought 113607 shares in late May 2014 around $3.3. Share price squeezed up to $4.39 in late Aug 2014, when they sold 36510 shares above $5. The share price then fell below $3 again. There is another spike at 29 Apr 2015.
The company went private in 2016.
China Yida: 2009 Annual Report, 23 Mar 2010
PR Newswire: CHINA YIDA : Engages New Independent Auditor, 25 May 2010
PR Newswire: CHINA YIDA : Appoints New Independent Auditors, 11 Aug 2010
PR Newswire: China Yida Appoints New Independent Auditor, 17 Apr 2012