SHANGHAI, Aug. 21, 2014 /PRNewswire/ -- Sunrise Real Estate
Group, Inc. (OTC.QB: SRRE; website: www.sunrise.sh) announces that
effective on August 20, 2014 the
registrant, Sunrise Real Estate Group, Inc. ("Sunrise"), entered
into a Share Purchase Agreement with Ace Develop Properties Limited
("Ace") to issue 20 million shares to Ace for RMB 10,472,000 (US $1,700,000 equivalent). This agreement, subject
to standard closing terms and conditions, is scheduled to close on
or before August 31, 2014.
Forward Looking Statements
The common stock of Sunrise Real Estate Group, Inc. is quoted
and traded on the OTC Bulletin Board under the trading symbol
"SRRE". This press release contains forward-looking information
within the meaning of section 29A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934.
Forwarding-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performances and
underlying assumption and other statements, which are other than
statements of historical facts. Certain statements contained herein
are forward-looking statements and, accordingly, involve risks and
uncertainties, which could cause actual results, or outcomes to
differ materially from those expressed in the forward-looking
statements. The Company's expectations, beliefs and projections are
expressed in good faith and are believed by the Company to have a
reasonable basis, including without limitations, management's
examination of historical operating trends, data contained in the
Company's records and other data available from third parties, but
there can be no assurance that management's expectations, beliefs
or projections will result, or be achieved, or
accomplished.
SOURCE Sunrise Real Estate Group, Inc.