UCASU Management Have Bought More Shares Than Sold
October 15 2021 - 8:54AM
InvestorsHub NewsWire
UCASU Management Have Bought More
Shares Than Sold
Atlanta, GA -- October 15, 2021 -- InvestorsHub NewsWire -- UC
Asset (OTCQX:
UCASU) confirms today that its management team, as a whole,
have been buying more amount of its own shares than selling, in the
past 6 months. The announcement is made in response to a number of
requests by its shareholders regarding the recently filed
Form-4 by its founder Larry Xianghong Wu, which shows that Mr. Wu
has sold a net of 5,000 shares of UCASU common units in the past 6
months.
"Overall, members of our management team, including Mr. Wu, have
bought more shares than sold, in the past 6 months," says Greg
Bankston. "However, purchases made by other management members
haven't reached the minimum requirement of disclosure, and
therefore no other Form-4s have been filed. Their positions will be
reported in our next annual filing 10-K."
"Mr. Wu sold those shares for personal financial needs. The sold
amount accounts for less than 3% of his total holding. In other
words, Mr. Wu still holds 97% of the shares he owns. At this
moment, as far as I know, Mr. Wu has no intention to sell more
shares. Neither I, nor Mr. Wu, have any intention to sell
significant amount of our holdings in the next 6 months," says
Bankston.
About UC Asset LP
UC Asset LP is a limited partnership formed for the purpose of
investing in real estate with innovative strategies, concentrating
in metropolitan areas of Atlanta, GA. For more
information about UC Asset, please visit: www.ucasset.com
Disclaimer:
This News Release contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements involve known and unknown risks, uncertainties and other
important factors that could cause our actual results, performance
or achievements, or industry results, to differ materially from any
these statements. You are cautioned not to place undue reliance on
any those forward-looking statements. Except as otherwise required
by the federal securities laws, we undertake no obligation to
publicly update or revise any forward-looking statements after the
date of this news release. None of such forward-looking statements
should be regarded as a representation by us or any other person
that the objectives and plans set forth in this News Release will
be achieved or be executed.
For More Information Contact:
Christal Jordan | Executive
Director, UC Asset LP
cjordan@ucasset.com |
678-499-0297
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