Yuxinlong International Ltd.
Yuxinlong International Ltd.: YUXINLONG PREPARES MOVE INTO THE ENTRY STANDARD
Yuxinlong International Ltd. / Key word(s): Strategic Company Decision/Miscellaneous YUXINLONG PREPARES MOVE INTO THE ENTRY STANDARD Frankfurt, March 7, 2012 – Yuxinlong International Limited plans its move into the Entry Standard of the Frankfurt Stock Exchange. Furthermore Yuxinlong has – in accordance with the guidelines of the German Securities Prospectus Act (Wertpapierprospektgesetz) and the EU prospectus regulation – entrusted a law firm in Frankfurt with the preparation of the company prospectus Directives for the review of the Federal Financial Supervisory Authority (Bundesamt für Finanzdienstleistungsaufsicht). Within the segment change also transparency will increase, including for instance the publication of semi-annual reports. . The management of Yuxinlong is very confident, that the change into the Entry Standard will be seamless and that it will be completed in Q3, in any case before the official deadline of the Frankfurt Stock Exchange in autumn 2012. The transition of Yuxinlong into the Entry Standard is not related to a capital increase. ‘With the move into the Entry Standard and the creation of the prospectus we want to reassure our shareholders and potential investors, that we’re accelerating our efforts to finalize the requirements of the Entry Standard listing’, says Wang Ying Chun, CEO of Yuxinlong. About Yuxinlong International Limited Yuxinlong International Limited was founded in 2007. The Company acts as holding of the largest real estate developer in the Tanghai district in China. Due to the construction of the world’s largest harbour, the district is regarded as China’s upcomming economic development area. The 79-strong management team of Yuxinglong currently employs 2.000 employees in its construction and development projects. The Company is listed at the Open Market segment of the Frankfurt Stock Exchange (ISIN CA98871V1013 / Ticker YL0). In 2011, the Company reached sales of around 73 million US-Dollar. For further information please contact: Kirchhoff Consult AG Anja Ben Lekhal Or visit us at www.yuxinlongint.com Disclaimer This communication contains forward-looking statements Forward-looking statements are statements that are not historical facts instead they reflect the current views and expectations of Yuxinlong International Limited and the assumptions underlying them about future events. Forward-looking statements are subject to many risks and uncertainties. If any of such risks and uncertainties materialize or if the assumptions underlying any of the forward-looking statements of Yuxinlong International Limited are proving to be incorrect, the actual results of Yuxinlong International Limited may be materially different from those expressed or implied by such forward-looking statements. Yuxinlong International Limited does not intend or assume any obligation to update these forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made. End of Corporate News 07.03.2012 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
159670 07.03.2012 |