Current Report Filing (8-k)
August 26 2019 - 5:16PM
Edgar (US Regulatory)
0001487843
false
Yangtze River Port & Logistics Ltd
0001487843
2019-08-22
2019-08-23
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): August 26, 2019 (August 23, 2019)
YANGTZE
RIVER PORT AND LOGISTICS LIMITED
(Exact
name of registrant as specified in its charter)
Nevada
|
|
001-38062
|
|
27-1636887
|
(State
or other jurisdiction
of incorporation)
|
|
(Commission
File Number)
|
|
(IRS
Employer
Identification No.)
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41
John Street, Suite 2A, New York, NY
|
|
10038
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(Address
of principal executive offices)
|
|
(Zip
Code)
|
Registrant’s
telephone number, including area code: (646) 861-3315
(Former
name or former address, if changed since last report.)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2. below):
☐ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
|
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Trading
Symbol(s)
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Name
of each exchange on which registered
|
Common
Stock, par value $0.0001 per share
|
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YRIV
|
|
The
NASDAQ Stock Market LLC
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item
3.01.
|
Notice
of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
|
On
August 16, 2019, the Nasdaq Hearings Panel (the “Panel”) informed the Company the decision to delist the shares of
the Company (the “Decision”) despite our submission of evidence and explanations. The suspension of trading in the
shares became effective at the open of business on August 20, 2019. The Panel without ample grounds but based on the “potential”
occurrence of alleged activity concluded that the Company violated the Listing Rule 5101. The Panel, also without considering
the evidence and explanations submitted by the Company, determined that the disclosures relating to “efforts by investors
to enforce legal judgements against the Company” was misleading and not enough.
The
management of the Company believes that the Panel reasons for the Decision were incorrect, which is unjust and unfair to the Company.
As such, the Company has sent a request to the Nasdaq Listing and Hearing Review Council to review and reconsider the Decision
on August 22, 2019. The management strongly denies the allegations in the Decision and will take every step to restore the listing
of the shares of the Company for the best interest of all shareholders of the Company.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
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YANGTZE RIVER PORT AND LOGISTICS LIMITED
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Date : August 26, 2019
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By:
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/s/
Xiangyao Liu
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Xiangyao Liu
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President and Chief Executive Officer
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2
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