Lucosky Brookman client, Yangtze River Development Limited, Organically Uplists to the NASDAQ Capita
Lucosky Brookman is delighted to congratulate its client, Yangtze River Development Limited, (OTCQX: YERR), an infrastructure company that is engaged in the business of real estate development with a port logistic project located in the middle reaches of the Yangtze River, on the Company's approval for listing on the NASDAQ Capital Market. The Firm is glad to have been able to assist in the Company's organic uplisting to the NASDAQ and praises the ongoing efforts of the Company's management, which makes the success of the Company possible. The Company is expected to commence trading under the ticker symbol "YERR" on April 19, 2017.
In a Press Release, Xiangyao Liu, Chief Executive Officer of the Company, commented "Uplisting to NASDAQ represents an important milestone for Yangtze River Development Limited, Trading on the NASDAQ Capital Market will increase our visibility and enhance our corporate profile. We believe that access to a broader and more institutional investor base that a NASDAQ listing provides will lead to improved value and liquidity for all of our shareholders."
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 Newport is a large infrastructure development project implemented under China's latest "One Belt One Road" initiative and is strategically positioned in the "Free Trade Zone" of the Wuhan Port, a crucial trading window between China, the Middle East and Europe. To be fully developed upon completion of three phases, within the logistics center, there will be six operating zones, including port operation area, warehouse and distribution area, cold chain logistics area, rail cargo loading area, exhibition area and residential community. The logistics center is also expected to provide a number of shipping berths for cargo ships of various sizes. Wuhan Newport is expected to provide domestic and foreign businesses a direct access to the anticipated 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.