Yangtze River Port And Logistics Limited Announces the Terms of the Share Issuance of the Blockchain Subsidiary
February 16 2018 - 9:00AM
Yangtze River Port and Logistics Limited (formerly “YERR”, now
“YRIV”) issued an 8k announcement on February 14, 2018 and the
company has passed through a Shareholder resolution of more than
50% of the shareholders and a Board of Directors resolution. In the
resolutions, Yangtze River Port and Logistics Limited resolved that
the existing Shareholders of "YRIV" receive shares of Avenal River
Limited (now is applying for the change of name to Yangtze River
Blockchain Logistics Limited), a subsidiary of Yangtze River Port
and Logistics Limited "YRIV".
In addition, the majority of the voting shares of Yangtze River
Port and Logistics Limited “YRIV” Shareholders and the Board of
Directors have resolved that 1 share of Avenal River Limited will
be issued for every 1 share held by Yangtze River Port and
Logistics Limited “YRIV” as at 4:00 pm on February 26, 2018.
Following the record date of February 26, 2018, a letter will
be sent to the shareholders by Vstock Transfer LLC notifying the
Shareholders of Yangtze River Port and Logistics Limited as of the
record date that the new shares in Avenal River Limited will be
issued and distributed after the appropriate legal timeframe.
James Coleman
Executive Director
jcoleman@yerr.com.cn
646-861-3315
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