Yangtze River Port and Logistics Limited Files a FINRA Complaint
March 06 2018 - 9:47AM
Since its listing on the Nasdaq Capital Market on April 19, 2017
through its transition to the NASDAQ Global Select Market and
presently, the Company has noticed a pattern of unusual trading
practices and activity. The Company believes that it is subject to
illegal short-selling and market price manipulation and has
reported the same to FINRA. Additionally, the Company has
implemented certain steps and is considering other appropriate
measures to counter such illegal activities.
About Yangtze River Port and Logistics
Limited
Yangtze River Port and Logistics 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. Yangtze River Port and Logistics 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
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