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TOPIC: ACAC-Acola Corp.

ACAC-Acola Corp. 15 years 3 months ago #722

Merger completed.

ACOA now.

About to get a new symbol.

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ACAC-Acola Corp. 15 years 5 months ago #643

[8-K filed]
ACAC: Letter of Intent for merger signed

O/S: 41,855,050 shares (as of Nov 13th)
Insiders: 34,619,900 shares
Float: 7,235,150 shares

On January 18, 2004, Acola Corp., a Delaware corporation ("Acola"),entered into a Letter of Intent with Teda Travel Incorporated ("Teda US") and its wholly-owned subsidiary, Teda Hotels Management Company Limited, a British Virgin Islands corporation (Teda BVI"), (collectively the "Company"), whereby Acola, Teda US and Teda BVI will enter into a transaction (the "Transaction"), probably a share exchange, which will result in the current shareholders of the Company owning 95.5% of the total issued and outstanding shares of Acola, with the current shareholders of Acola retaining 4.5% of the common stock outstanding after the close of the transaction. At the close of the Transaction, it is contemplated that all of the current directors and executive officers of Acola will resign in favor of new directors and executive officers to be elected by the Company Board of Directors. The Transaction is subject to the negotiation and execution of a definitive Transaction Agreement. The transaction is expected to close as soon as practicable after the execution of the Transaction Agreement.

Teda US and Teda BVI are members of the Teda Group of Tianjin, China. Teda Travel provides hotel and resort management services and invests in real estate development in China. The Teda Group owns interests in a number of companies and properties, including hotels, in China.
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ACAC-Acola Corp. 15 years 6 months ago #566

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