Yangtze River Port And Logistics Limited Announces the Terms of the Share Issuance of the Blockchain Subsidiary
February 16 2018 - 9:16AM
InvestorsHub NewsWire
New York, NY -- February 16, 2018 -- InvestorsHub
NewsWire -- 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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