DCSX has approved the conversion from technical to tradeable listing of 400 Million trade-able shares of Yupinxiang Holdings Group Limited (DCSX Symbol: UPXS) @ USD 0.10 with an initial market capitalization of USD 40 Million. SinoTech B.V. is the mandated Listing Advisor.
The Company has been admitted for a technical listing on the DCSX on October 2018, this is an application to be admitted for trading. The Company seeking admission for a tradable listing is “Yupinxiang Holdings Group Limited”, a company registered in the British Virgin Islands, BVI, which is the Holding company of “Jilin Yuxiang Trading Co., Ltd., the operating company with actual business in Jilin City – China.
The company is engaged in providing healthy, green, and high-tech daily necessities that help to increase people’s quality of life from various aspects. The Company’s Board of Directors holds a total of 41.4% of the shares. To provide potential investors with some extent of comfort towards the long-term expectation of the shareholders of the Company, all directors of the Company have agreed not to trade any of their stocks or securities in any form within 12 months from the date of listing on the DCSX and/or being able to trade. The application includes all the required information based on DCSX rules and regulations.
The purpose of this application is to transition the listing from a technical to a tradable one; the Company is looking to make the previously issued shares tradeable on the secondary market. The Company has not and is not raising funds via the Exchange. However, the Company does not exclude the possibility of raising funds through the issuance and public offering of new securities in the future. The main factors serving as the reasons to list: improving the Company’s corporate structure and clarifying the Company’s own development plans, it will enhance the brand value and market influence of the Company, makes the Company more attractive to potential employees and will improve the Company’s competitive advantages.
Further details about the business can be found on our Markets page on this website under Equities Symbol UPXS, section Company Information.