READEN HOLDING CORPORATION (OTC PINK: RHCO) ANNOUNCES REMOVAL OF “YIELD SIGN” ON OTC MARKETS
READEN HOLDING CORPORATION (OTC PINK: RHCO), a Venture Capital Corporation which is active in the Fintech, Online Payment, and E-commerce industries, today announced the Company is back to “Pink Current” status on OTC Markets.
The Company had received the “Yield Sign” due to some minor errors in the last filling with the OTC Markets. After amendment of the filing with all required mandatory disclosure updated, OTC Markets has removed the “Yield Sign” and moved RHCO back in the “Pink Current” tier.
The Company also expects to announce soon to move forward with the application for up-listing to OTC QB. This will be subject to the return of shares from the cancelled transaction of the land purchase in France. The Company had to stop the taking over of Quentin S.A. which fully owned the land and claimed to have construction permission to develop the land, due to the fact that the ultimate seller failed to provide the construction permission and delivery of shares as agreed. Now RHCO is waiting on litigation against Allgemeines Treuunternehmen (ATU), the notary based in Liechtenstein which failed to return the shares to RHCO as agreed in earlier communication. After the return of 16 million shares, the audit of RHCO can be finalized and the Company will officially apply for the OTC QB listing.
Richard Klitsie, CEO of RHCO stated, “We have been working hard with the auditors to finalize our application to OTC Markets. I strongly believe 2023 will be RHCO’s breakthrough year, and we still have a lot of work to do. All the hard work will bring us fruitful results, and we will see it very soon. Special thanks to our colleagues around the world for what we have achieved together. And I also thank our shareholders for the trust and support you have placed in our team and our company.”
Readen Holding Corp. (www.readenholdingcorp.com) is a publicly traded Venture Capital Corporation, with major holdings in the Fintech Industry and has been increasing its investment in E-commerce and E-payment sectors, such as;
OkePay: www.okepay.biz
OkePay VPOS: www.okepay.biz/vpos
Oke Partners / OkeApp: www.okepartners.com
Oke Travel Club: www.oketravelclub.com
OkToken: oktoken.biz
Readies: www.readies.biz
Neckermann Direct: www.neckermanndirect.eu
Two Percent: www.twopercent.hk
Fligro: www.fligrofood.com
RHCO is a diversified holding company, with an operating history of over 30 years, which seeks opportunities to acquire and grow businesses that can generate long-term sustainable free cash flow and attractive returns, in order to maximize value for all shareholders. RHCO has subsidiaries and liaison offices in Europe and Asia.
For further information please contact RHCO at info@readenholdingcorp.com
or +852 3950 5911
The RHCO corporate email address is info@readenholdingcorp.com
The RHCO corporate website can be accessed at www.readenholdingcorp.com
The RHCO Twitter account can be accessed at https://twitter.com/readenrhco
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Readen Holding Corp. to accomplish its stated plan of business. Readen Holding Corp. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion of such information should not be regarded as a representation by Readen Holding Corp. or any other person.
Contact
Readen Holding Corp.
info@readenholdingcorp.com
+852 3950 5911
Readen Holding Corp., RHCO announcement