Yangtze River Development Limited Announces Year End Update for 2017
December 13 2017 - 1:35PM
Yangtze River Development Limited, (NASDAQ GLOBAL SELECT MARKET:
YERR) (the “Company”), an international infrastructure company that
engages in the business of real estate development via a port
logistic project located in the middle reaches of China’s Yangtze
River in Wuhan City, announced today the Year End Shareholder
Meeting Update.
The Company believes it will benefit from new government
initiatives within the People’s Republic of China (the “PRC”),
including the recent designation of the Yangtze River New District
as a tax free / free trade zone. In addition to its prime
location and status as a major infrastructure player in the (OBOR)
One Belt One Road initiative, the company is also well positioned
to benefit from recent thawed relations between the PRC and the
United States and the economic opportunities that it
represents.
In May of this year the Company announced that it had hired a
new CFO, Mr. Tze-Kit “Jerry” Chan. Mr. Chan has an MBA from The
Chinese University of Hong Kong and is a CPA and member of the
American Institute of CPA’s
In April of this year, YERR was up-listed from the OTCQX to the
NASDAQ Capital Markets and, subsequently, was up-listed in August
to The NASDAQ Global Select Market, which has the highest initial
listing standards of any of the world’s stock markets. When the
company completed its reverse merger in 2015 the valuation at that
time was $10.00 per share and the company reached a milestone this
year by surpassing that initial valuation and currently has a $2.6
Billion dollar market cap, adding over one billion dollars in
market valuation this year.
See Thru Equity upgraded their Buy recommendation in May to
$13.25 and subsequently increased its price target to $23 in
September; copies of these research reports are available upon
request.
The company believes that it has laid the foundation this year
for successful access to the highest level of the US capital
markets in 2018 and is currently exploring multiple funding
partners.
ABOUT YANGTZE RIVER DEVELOPMENT LTD.:
Yangtze River Development Limited primarily engages in the
business of real estate development with a port logistic project
located in the middle reaches of the Yangtze River. Wuhan Newport
is a large infrastructure development project implemented under
China's latest “One Belt One Road” initiative and is believed to be
strategically positioned in the anticipated “Free Trade Zone” of
the Wuhan Port, a crucial trading window between China, the Middle
East and Europe. To be fully developed upon completion of three
phases, within the logistics center, there will be six operating
zones, including port operation area, warehouse and distribution
area, cold chain logistics area, rail cargo loading area,
exhibition area and residential community. The logistics center is
also expected to provide a number of shipping berths for cargo
ships of various sizes. Wuhan Newport is expected to provide
domestic and foreign businesses a direct access to the anticipated
Free Trade Zone in Wuhan. The project will include commercial
buildings, professional logistic supply chain centers, direct
access to the Yangtze River, Wuhan-Xinjiang-Europe Railway and
ground transportation, storage and processing centers, IT
supporting services, among others.
For additional information please go
to: http://www.yerr.com.cn
FORWARD-LOOKING STATEMENTS:
This document includes “forward-looking” statements, as that
term is defined in the Private Securities Litigation Reform Act of
1995 or by the Securities and Exchange Commission in its rules,
regulations and releases. Forward-looking statements are any
statements other than statements of historical fact, including
statements regarding Company's expectations, beliefs, hopes,
intentions or strategies regarding the future. Among other things,
these forward-looking statements may include statements regarding
the change of Company's plan of operation, future opportunities as
a result of the matter referenced in the above statements; and any
other statements regarding Company's future beliefs, expectations,
plans, intentions, financial condition or performance. In some
cases, forward-looking statements can be identified by the use of
words such as “may,” “will,” “expects,” “should,” “believes,”
“plans,” “anticipates,” “estimates,” “predicts,” “potential,”
“continue,” or other words of similar meaning. Forward-looking
statements are subject to risks and uncertainties that could cause
actual results to differ materially from those discussed in, or
implied by, the forward-looking statements. Factors that might
cause such a difference include, but are not limited to, general
economic conditions, our financial and business prospects, our
capital requirements, our financing prospects, our relationships
with employees, and our ability to realize the anticipated benefits
of such transaction, and those disclosed as risks in other reports
filed by us with the Securities and Exchange Commission, including
those described in our most recently filed Quarterly Report on Form
10-Q, Annual Report on Form 10-K and subsequent amendment on Form
10-K/A, current report on Form 8-K, and other filings with the
SEC.
We caution readers that any such statements are based on
currently available operational, financial and competitive
information, and they should not place undue reliance on these
forward-looking statements, which reflect management's opinion only
as of the date on which they were made. Except as required by law,
we disclaim any obligation to review or update these
forward-looking statements to reflect events or circumstances as
they occur.
CONTACT:
James Coleman
Executive Director
jcoleman@yerr.com.cn
646-861-3315
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