-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, U0PK8UsCpSjZRjF945l0dBSKI0Qc5zRlXzw51fHzKTTBdvBx/axfDPrlHJczx27K 37kjHsZxSRLRuLWUOBndgw== 0001143313-10-000073.txt : 20100423 0001143313-10-000073.hdr.sgml : 20100423 20100423102901 ACCESSION NUMBER: 0001143313-10-000073 CONFORMED SUBMISSION TYPE: 25-NSE CONFIRMING COPY: PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20100423 DATE AS OF CHANGE: 20100423 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: China Networks International Holdings Ltd CENTRAL INDEX KEY: 0001443979 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ADVERTISING [7310] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 25-NSE SEC ACT: 1934 Act SEC FILE NUMBER: 001-34395 BUSINESS ADDRESS: STREET 1: 233 EAST 69TH STREET STREET 2: #6J CITY: NEW YORK STATE: NY ZIP: 10021 BUSINESS PHONE: 646-290-6104 MAIL ADDRESS: STREET 1: 233 EAST 69TH STREET STREET 2: #6J CITY: NEW YORK STATE: NY ZIP: 10021 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: NYSE Amex CENTRAL INDEX KEY: 0001143313 IRS NUMBER: 522127241 FILING VALUES: FORM TYPE: 25-NSE BUSINESS ADDRESS: STREET 1: 20 BROAD ST, 17TH FL CITY: NEW YORK STATE: NY ZIP: 10005 BUSINESS PHONE: 212-656-5030 MAIL ADDRESS: STREET 1: 20 BROAD ST, 17TH FL CITY: NEW YORK STATE: NY ZIP: 10005 FORMER COMPANY: FORMER CONFORMED NAME: NYSE Alternext US LLC DATE OF NAME CHANGE: 20081009 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN STOCK EXCHANGE LLC DATE OF NAME CHANGE: 20010620 25-NSE 1 primary_doc.xml X0203 0001143313 NYSE Amex 0001443979 China Networks International Holdings Ltd 001-34395
233 East 69th Street #6J New York NY NEW YORK 10021
646-290-6104 Common Stock, $0.0001 Par Value; Warrants, No Par Value; Units, No Par Value 17 CFR 240.12d2-2(b) Janice O'Neill Senior Vice President, Corporate Compliance 2010-04-23 EX-99.25 2 cnr04222010.htm AMERICAN STOCK EXCHANGE LLC

NYSE AMEX LLC


DETERMINATION AND NOTIFICATION OF REMOVAL FROM LISTING

AND/OR REGISTRATION UNDER SECTION 12(b) OF THE

SECURITIES EXCHANGE ACT OF 1934

Attachment to Form 25


April 23, 2010


NYSE Amex LLC (the “Exchange”), pursuant to Section 12(d) of the Securities Exchange Act of 1934 and Rule 12d2-2(b) promulgated thereunder by the Securities and Exchange Commission (the “SEC” or the “Commission”), has determined to strike from listing and registration on the Exchange, the following:


China Networks International Holdings, Ltd.

Common Stock, $0.0001 Par Value

Warrants, No Par Value

Units, No Par Value

Commission File Number – 333-164098


1.

The standards of the Exchange provide, among other things, that consideration may be given to the removal of a security when: (i) the financial condition and/or operating results of the issuer appear to be unsatisfactory; (ii) the issuer has failed to comply with its listing agreements with the Exchange; or (iii) any other event shall occur or any condition shall exist which makes further dealings on the Exchange unwarranted.


In applying these standards, the Exchange gives consideration to delisting the securities of a company that has triggered the application of Section 341 of the NYSE Amex LLC Company Guide (the “Company Guide”) which states that a listed issuer which engages in a reverse merger will be eligible for continued listing on the Exchange only if the post-transaction entity meets the standards for initial listing.


2.

The Common Stock, Warrants and Units (the “Securities”) of China Networks International Holdings, Inc. do not qualify for continued listing for the following reasons:


At a Special Meeting of Shareholders that was held on June 24, 2009, Alyst Acquisition Corporation (“Alyst”) received approval to consummate the acquisition of China Networks Media, Ltd. (the “Acquisition”).  Subsequently, on June 30, 2009, Alyst completed the Acquisition and changed its name to China Networks International Holdings, Inc. (referred to hereinafter as the “Company”).  The Acquisition constituted a reverse merger pursuant to Section 341 of the Company Guide and the Company failed to qualify under any of the Exchange’s initial listing standards upon consummation of the Acquisition.


3.

In reviewing the eligibility of the Securities for continued listing, the Exchange has complied with its standards and procedures as follows:


(a)

On July 6, 2009, Staff notified the Company that the Exchange staff had determined to initiate delisting proceedings against the Company because the Acquisition was deemed to be a reverse merger and the post-transaction entity did not satisfy the Exchange’s initial listing standards as required by Section 341 of the Company Guide (the “Staff Determination”).  The Exchange’s letter dated July 6, 2009 also informed the Company of its limited right, in accordance with Sections 1203 and 1009(d) of the Company Guide, to request a hearing before a Listing Qualifications Panel (a “Panel”) within seven days of the Staff Determination, or by July 13, 2009.  


(b)

On July 10, 2009, the Company requested, pursuant to Sections 1203 and 1009(d) of the Company Guide, an oral hearing to appeal the Staff Determination.  A hearing before the Panel was scheduled for August 26, 2009.


(c)

On August 26, 2009, a hearing, at which the Company was present, was conducted before the Panel.  By letter dated August 28, 2009, the Exchange notified the Company of the Panel’s decision to deny the Company’s appeal for continued listing of its Securities on the Exchange and to authorize delisting proceedings.  The letter also informed the Company of its right, in accordance with Section 1205 of the Company Guide, to request that the Exchange’s Committee on Securities review the Panel’s decision within fifteen days.


(d)

The Company did not appeal the Panel’s decision to the Committee on Securities within the requisite time period and was not otherwise in compliance with the continued listing standards.


Accordingly, the Exchange, having complied with all of its procedures, is authorized to file this application in accordance with Section 12 of the Securities Exchange Act of 1934 and the rules promulgated thereunder.


4.

In the opinion of the Exchange, all of the material facts relating to the reasons for this application are contained herein.


5.

The Exchange official whose signature is set forth below is duly authorized to file this application.


6.

In accordance with the provisions of Rule 12d2-2, the Exchange has issued public notice of its final determination to remove the Company’s Securities from listing and/or registration by issuing a press release and posting notice on www.nyse.com.  Further, a copy of this application has been forwarded to Mr. Xin Yan Li, Chief Financial Officer of China Networks International Holdings, Inc.




/s/



Janice O’Neill

Sr. Vice President – Corporate Compliance

NYSE Amex LLC




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