UCASU founder purchased more than 3% outstanding shares of the Company
17 October 2020 - 01:40AM
InvestorsHub NewsWire
Atlanta, GA --
October 16, 2020 -- InvestorsHub NewsWire -- “Larry” Xianghong Wu,
the founder and major general partner of UC Asset LP (OTCQX:
UCASU) filed a Form 4 to report his purchase of 172,953 common
units of UCASU, which accounts for over 3% of all issued and
outstanding shares of the company, through a private deal which was
closed on October 07, 2020.
“I started the
company 4 years ago with the goal to build it into a billion-dollar
business listed on a major exchange, such as NASDAQ or NYSE.”
States Larry Wu, “We are much closer to that goal than we were 4
years ago, and I personally am much more confident in the
enterprise value of our business than I was 4 years
ago.”
The seller of those
shares is not disclosed in SEC filings. But the company indicates
it is one of the early round investors who has a need to liquidate
his holdings out of personal
reasons.
“I bought those
shares because I have faith in the future of our company. I plan to
hold a majority part of those purchased shares for a long term, and
I intend to buy more shares of UCASU if there will be similar
opportunities.” Says Larry Wu.
##
About UC Asset
LP
UC Asset LP is a
limited partnership formed for the purpose of investing in real
estate for development and redevelopment, concentrating in
metropolitan areas of Atlanta, GA and Dallas, TX. For
more information about UC Asset, please visit: www.ucasset.com
Disclaimer:
This News Release contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements involve known and unknown
risks, uncertainties and other important factors that could cause
our actual results, performance or achievements, or industry
results, to differ materially from any these statements. You are
cautioned not to place undue reliance on any those forward-looking
statements. Except as otherwise required by the federal securities
laws, we undertake no obligation to publicly update or revise any
forward-looking statements after the date of this news release.
None of such forward-looking statements should be regarded as a
representation by us or any other person that the objectives and
plans set forth in this News Release will be achieved or be
executed.
For More Information
Contact:
Christal Jordan | Investor Relations Director, UC
Asset LP
cjordan@ucasset.com |
678-499-0297
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