Yangtze River Port and Logistics Limited Files a FINRA Complaint
March 06 2018 - 10:04AM
InvestorsHub NewsWire
On March 5, 2018, Yangtze River Port and Logistics Limited (the
“Company”) (NASDAQ: YRIV) filed a complaint with the Financial
Industry Regulatory Authority (“FINRA”) to report certain abusive
trading practices
New York, NY -- March 06, 2018 -- InvestorsHub NewsWire -- 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
Yangtze River Port and L... (NASDAQ:YRIV)
Historical Stock Chart
From Mar 2024 to Apr 2024
Yangtze River Port and L... (NASDAQ:YRIV)
Historical Stock Chart
From Apr 2023 to Apr 2024