​Yangtze River Development Limited (YERR) Announces Plan to Acquire Wuhan Economic Development Port Company Limited

Spotlight Companies  |

Company Files Current Report on Form 8K in Connection with the Event

Yangtze River Development Limited, (NASDAQ GLOBAL SELECT MARKET: YERR), an international infrastructure company that currently engages in the business of real estate development via a port logistic project located in the middle reaches of China’s Yangtze River in Wuhan, China, announced today the planned acquisition of Wuhan Economic Development Port Company Limited (“Wuhan Economic Development”).

In exchange for the current real estate assets that the company owns and RMB 600 million (or approximately $91 million US) in cash or convertible note. The company has deposited RMB 30 million and intends to complete the transaction by the end of first quarter of 2018.

As with the company’s current location on the Yangtze River, property of Wuhan Economic Development covers approximately 7 kilometers of shoreline, a significant increase from the current shoreline of approximately 1 kilometer.

The acquisition would provide the Company with revenue generating properties, including 9 approved berths, 3 of which are already in operation, along with 10 additional berths pending approval.

The planned acquisition is subject to the completion of the audit of Wuhan Economic Development and approval by the relevant regulatory agencies.

A detailed news release on this planned transaction is expected to be issued by the Company on January 2, 2018.

Link to the current report on Form 8-K regarding the planned acquisition:


About Yangtze River Development Ltd.:

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 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. Wuhan Economic Development Port 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

In the interest of full disclosure, we call the reader's attention to the fact that Equities.com, Inc. is compensated by the companies profiled in the Spotlight Companies section. The purpose of these profiles is to provide awareness of these companies to investors in the micro, small-cap and growth equity community and should not in any way be considered as a recommendation to buy, sell or hold these securities. Equities.com is not a registered broker dealer, investment advisor, financial analyst, investment banker or other investment professional. We are a publisher of original and third party news and information. All profiles are based on information that is available to the public. The information contained herein should not be considered to be complete and is not guaranteed by Equities.com to be free from misstatement or errors. The views expressed are our own and not intended to be the basis for any investment decision. Readers are reminded to do their own due diligence when researching any companies mentioned on this website. Always bear in mind that investing in early-stage companies is risky and you are encouraged to only invest an amount that you can afford to lose completely without any change in your lifestyle. Equities has been compensated with cash, common shares and/or warrants for market awareness services provided.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer


Symbol Name Price Change % Volume
YERR YRIV Yangtze River Development Ltd n/a n/a n/a n/a



Symbol Last Price Change % Change










World Economic Forum at Davos 2019 - Dr Oliver Krause Founder Untitled Inc Part 2

Matt Bird sits down with Dr Oliver Krause, Founder Untitled Inc, in part 2 of this 2 part interview at the World Economic Forum at Davos 2019

Emerging Growth

GTX Corp

GTX Corp, along with its subsidiaries, is engaged in design, development, manufacturing, distribution and sales of products and services in the GPS and BLE wearable technology personal location and wandering…