DCSX approved on May 4th, 2020, the conversion from technical to tradeable listing of 300 million trade-able shares of Rui Long Yi Da Commerce Group Limited (DCSX Symbol: RLYD) @ USD 0.11 with an initial market capitalization of USD 33 Million. SinoTech B.V. is the mandated Listing Advisor.
Rui Long Yi Da Commerce Group Limited (the Company) was approved as a Technical Listing on the DCSX on June 25, 2018. The conversion from a Technical Listing into a Tradeable Listing was approved on May 4, 2020.
Rui Long Yi Da Commerce Group Ltd. is a company registered in the British Virgin Islands, which is the Holding company of “Jilin Rui Yi Sheng Trading Company Limited.”, the operating company with actual business in Jilin City – China. The company aims to become the leading advocate for an “intelligent and healthy life” in China, which provides high-quality health products and offers operation services. The Company’s Board of Directors holds a total of 51% 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 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 reasons to list and trade are the shareholder’s need for transactions and that the issuance of securities can prove the regularity of business operations, highlight the strength of the Company and play a good role in promoting the Company.
Further details about the business can be found on our Markets page on this website under Equities Symbol RLYD.