ACDU
Accredited Hospitality Group, Inc., a wholly owned subsidiary of ACDU, invested in an undisclosed holding corporation that purchased a small hotel. The hotel plans to conduct a public offering to raise capital to build a new complex consisting of modern rooms, a storage facility, a safe deposit box facility, Laundromat, internet café, and business center
After the filing of the registration statement, AHG may choose to divest itself by dividend of the interest in the corporation since it will not be majority controlled by ACDU. It may also offer ACDU shareholders to be the first persons authorized to participate in the public offering depending on an opinion from legal counsel
