ATLANTA, Oct. 15, 2021 /PRNewswire/ -- UC Asset (OTCQX: UCASU) confirms today that its management team, as a whole, have been buying more amount of its own shares than selling, in the past 6 months. The announcement is made in response to a number of requests by its shareholders regarding the recently filed Form-4 by its founder Larry Xianghong Wu, which shows that Mr. Wu has sold a net of 5,000 shares of UCASU common units in the past 6 months.
"Overall, members of our management team, including Mr. Wu, have bought more shares than sold, in the past 6 months," says Greg Bankston. "However, purchases made by other management members haven't reached the minimum requirement of disclosure, and therefore no other Form-4s have been filed. Their positions will be reported in our next annual filing 10-K."
"Mr. Wu sold those shares for personal financial needs. The sold amount accounts for less than 3% of his total holding. In other words, Mr. Wu still holds 97% of the shares he owns. At this moment, as far as I know, Mr. Wu has no intention to sell more shares. Neither I, nor Mr. Wu, have any intention to sell significant amount of our holdings in the next 6 months," says Bankston.
About UC Asset LP
UC Asset LP is a limited partnership formed for the purpose of investing in real estate with innovative strategies, concentrating in metropolitan areas of Atlanta, GA. For more information about UC Asset, please visit: www.ucasset.com
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 | Executive Director, UC Asset LP
firstname.lastname@example.org | 678-499-0297
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SOURCE UC Asset