UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): August 26, 2019 (
(Exact name of registrant as specified in its charter)
(State
or other jurisdiction of incorporation) |
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Employer Identification No.) |
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
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If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
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Item 3.01. | Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. |
On August 16, 2019, the Nasdaq Hearings Panel (the “Panel”) informed the Company the decision to delist the shares of the Company (the “Decision”) despite our submission of evidence and explanations. The suspension of trading in the shares became effective at the open of business on August 20, 2019. The Panel without ample grounds but based on the “potential” occurrence of alleged activity concluded that the Company violated the Listing Rule 5101. The Panel, also without considering the evidence and explanations submitted by the Company, determined that the disclosures relating to “efforts by investors to enforce legal judgements against the Company” was misleading and not enough.
The management of the Company believes that the Panel reasons for the Decision were incorrect, which is unjust and unfair to the Company. As such, the Company has sent a request to the Nasdaq Listing and Hearing Review Council to review and reconsider the Decision on August 22, 2019. The management strongly denies the allegations in the Decision and will take every step to restore the listing of the shares of the Company for the best interest of all shareholders of the Company.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
YANGTZE RIVER PORT AND LOGISTICS LIMITED | ||
Date : August 26, 2019 | By: | /s/ Xiangyao Liu |
Xiangyao Liu | ||
President and Chief Executive Officer |
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