NEW YORK, Nov. 18, 2016 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Yangtze River Development Limited (OTCQX: YERR), a Nevada corporation, which primarily engages in real estate and infrastructural development with a port logistics center located in Wuhan, Hubei Province of China, has qualified to trade on the OTCQX® Best Market. Yangtze River upgraded to OTCQX from the OTCQB® Venture Market.
Yangtze River begins trading today on OTCQX under the symbol "YERR". U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We are pleased to see Yangtze River upgrade from our OTCQB Venture Market to the family of established, investor-focused companies on our OTCQX Market," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "OTCQX provides a transparent, efficient trading market without incurring the high cost and complexity of a U.S. stock exchange listing. We look forward to supporting Yangtze River in its continued growth as a publicly-traded company."
"We appreciate the support of OTC Markets Group. As we progress towards the completion of our port logistics center, strategically positioned in the anticipated Pilot Free Trade Zone of the Wuhan Port – a crucial trading window amongst China, the Middle East and Europe – we believe that the move to their highest market tier, along with the associated increase in exposure, accessibility and transparency, will benefit all our shareholders" said Xiangyao Liu, CEO of Yangtze River Development Limited.
Lucosky Brookman LLP serves as Yangtze River Development Limited's OTCQX Advisor, responsible for providing professional guidance on OTCQX requirements and U.S. securities laws.
Yangtze River Development Limited is a Nevada corporation that operates through its wholly-owned subsidiary Wuhan Yangtze River Newport Logistics Co., Ltd., a wholly foreign-owned enterprise formed under the laws of the People's Republic of China that primarily engages in the business of real estate and infrastructural development with a port logistics center located in Wuhan, Hubei Province of China. Situated in the middle reaches of the Yangtze River, Wuhan Newport focuses on a large infrastructure development project implemented under China's latest "One Belt One Road" initiative and is believed to be strategically positioned in the anticipated "Pilot Free Trade Zone" of the Wuhan Port, a crucial trading window among China, the Middle East and Europe.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market, and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.
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SOURCE OTC Markets Group Inc.