TIANJIN, China, March 05, 2019 (GLOBE NEWSWIRE) — MDJM Ltd (the “Company” or “MDJH”), an rising, included actual estate offerings corporation in China, announced today that on November 30, 2018, it efficaciously won bidding to a Primary Real Agency Services Contract (the “Contract”) with Tianjin Meiyin Real Estate Development Co., Ltd. Concerning the Tianjin Ping An Teda Financial Center (the “Financial Center”).
Tianjin Meiyin Real Estate Development Co., Ltd., a joint challenge between Teda Investment Holding Co. Ltd., one of the China Top 500 Enterprises, and Ping An Real Estate Co., Ltd., a subsidiary of Ping An Insurance Company of China, Ltd., commenced creation on the Financial Center in 2017. Teda Investment Holdings Co. Ltd. And Ping An Real Estate Co., Ltd. Very own 70% and 30% of Tianjin Meiyin Real Estate Development Co., Ltd. Respectively.
Under the Contract, the Company expects to function as the number one real property income agent for the Financial Center, accountable for market studies, advertising planning and providing income sellers, and so forth. MDJH has been entrusted to sell 596 residential devices for the Financial Center with a total production area of up to 70,090 square meters and a saleable vicinity of as much as sixty-nine,190 square meters.
Mr. Siping Xu, Chairman and Chief Executive Officer of MDJM Ltd, stated, “We are pleased to announce our contract to provide real property offerings for the Tianjin Ping An Teda Financial Center. We view this as a splendid possibility to reinforce our emblem and demonstrate our crew’s potential to conquer demanding situations as we make contributions to a high-profile undertaking is considered one of our core markets. Following the kickoff of our new year with our successful IPO, we’re excited to address this settlement and preserve to execute on our increase approach in 2019.”
About MDJM Ltd
Headquartered in Tianjin, China, MDJM Ltd (the “Company”) is rising, including real estate offerings in China. The Company offers first real estate agency offerings to real estate developers, including advertising planning, advertising making plans, and approach. The Company also gives real estate consulting services and impartial education services on an as wished foundation. Currently, the Company’s primary marketplace is the Tianjin Autonomous Municipality, and since 2014 the Company has multiplied its market presence to different towns along with Chengdu, Suzhou, and Yangzhou. Through significant development organizations, Xishe, and Xishe Xianglin, coupled with existing core commercial enterprises, MDJM promotes the mixing of urban and rural lifestyle services. For also facts concerning the Company, please go to http://ir.Mdjhchina.Com.
This announcement contains forward-searching statements within that means of the secure harbor provisions of the Private Securities Litigation Reform Act of 1995. Other than statements of historical truth in this assertion are forward-searching statements, including, however now not confined to, the Company’s proposed IPO. These forward-looking statements involve acknowledged and unknown dangers and uncertainties and are primarily based on modern-day expectancies and projections about future occasions and monetary tendencies that the Company believes can also affect its financial situation, outcomes of operations, commercial enterprise approach, and monetary desires, which include the expectancy that the IPO can be efficiently completed.
Investors can identify those ahead-searching statements with the aid of phrases or terms together with “might also,” “will,” “expect,” “assume,” “aim,” “estimate,” “intend,” “plan,” “believe,” “capacity,” “retain,” “is/are possible to” or different comparable expressions. The Company undertakes no responsibility to replace forward-looking statements to mirror subsequent occurring events or occasions, or modifications in its expectations, except as may be required by way of regulation.
Although the Company believes that the expectancies expressed in those forward-looking statements are affordable, it cannot guarantee that such outlooks will grow to be accurate. The Company cautions traders that actual effects may also range materially from the expected results and encourage investors to study different factors that could affect its future consequences inside the Company’s registration announcement and its various filings with the Securities and Exchange Commission.