Yangtze River Development Limited Announces Name and CUSIP Change To Yangtze River Port and Logistics Limited
February 09 2018 - 5:17PM
InvestorsHub NewsWire
Yangtze River Development
Limited Announces Name and CUSIP Change To Yangtze River Port and
Logistics Limited
NEW YORK, NY -- February 09, 2018 -- InvestorsHub
NewsWire -- Yangtze River Development Limited, (Nasdaq: 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, China, today announced that it is changing its name
to “Yangtze River Port and Logistics Limited”. The Company
also announced that its common stock will begin trading under a new
CUSIP number, 98475Y105, in conjunction with the corporate name
change to Yangtze River Port and Logistics Limited.
The Company has filed for a ticker symbol change to reflect the
new company name. The Company will make a further
announcement when the new ticker symbol and CUSIP number become
effective.
About Yangtze River Development Limited
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 Economic
Development Port Limited is a large infrastructure development
project implemented under China's latest “One Belt One Road”
initiative and is believed to be strategically positioned in Wuhan,
a crucial trading window between China, the Middle East and
Europe. The logistics center is also expected to provide a
number of shipping berths for cargo ships of various sizes. Wuhan
Economic Development Port Limited is expected to provide domestic
and foreign businesses a direct access to the 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
Source: Yangtze River Development
Limited
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