Real estate properties and land lots under development: $345,326,408
Real estate property completed: $29,791,090
As of December 31, 2018, the sole and wholly owned developing project of the Company is called Wuhan Centre China Grand Steel Market (Phase 1) Commercial Building in the south of Hans Road, Wuhan Yangluo Economic Development Zone with approximately 222,496.6 square meters of total construction area.
The Company has obtained certificates representing titles of the land use rights used for the development of the project. As of December 31, 2018, the Company has completed the construction of four buildings covering area of approximately 35,350.4 square meters of construction area.
As of December 31, 2018, the Company has three buildings under development of the project described in Note 5 covering area of approximately 57,450.4 square meters of construction area.
A/S Commons: 500,000,000
A/S Preferred: 100,000,000 (None issued or outstanding)
Jasper Lake Holdings Limited beneficially owns 52.88% of the Outstanding Common Stock.
Trade logs for March 26th, 2019 show 23,000,000 in buy blocks A/H's worth $11,000,000 purchased.
On January 23, 2019, the Company filed a defamation lawsuit in the New Supreme Court, New County, against Hindenburg Research, Nathan Anderson, ClaritySpring Securities, LLC and ClaritySpring Inc. (collectively, “Defendants”) in response to their coordinated and orchestrated market manipulation scheme to disseminate false, misleading and defamatory content to the marketplace regarding the Company for the purpose of inflicting substantial reputational harm on the Company for Defendants’ own financial gain. Management believes that the Company will prevail this lawsuit, and any resolution will not have a material adverse effect on the financial condition or results of operations of the Company.
The Combination effect of the Court Appearance date scheduled for April 5th + US/China trade talks + the Block-chain Subsidiary + China belt road could create an immense catalyst here for a substantial PPS increase.