China Yida, a leading media and tourism management company, will work with the Yongtai County Government to develop the largest leisure and tourism destination in the city of Fuzhou, capital of Fujian Province. China
Yida has submitted the proposed transaction to the local government for approval and expects to reach a definitive agreement by the end of 2008.
It has the potential to become a world-class resort attracting visitors from neighboring coastal areas such as Xiamen, Quanzhou and Putian, as well as from other regions of China. In addition, the cities of Fuzhou and Xiamen are both popular destinations for business functions and conferences.