MDJM LTD Enters into Primary Real Estate Agency Services Contract with Tianjin Aizhishan Real Estate Co., Ltd.
29 Octubre 2019 - 6:30AM
MDJM LTD (Nasdaq: MDJH) (the “Company” or “MDJH”), an emerging,
integrated real estate services company in China, announced today
that the Company entered into a Primary Real Estate Agency Services
Contract (the “Contract”) with Tianjin Aizhishan Real Estate Co.,
Ltd. (“TARE”), a real estate developer in Tianjin, China.
TARE is a real estate company wholly-owned by
Great Wall Motor Co., Ltd (“GWM”), which is China's largest SUV and
pickup manufacturer. TARE is currently developing a real estate
project (the “Project”) in Tianjin, which is designed to develop up
to approximately 147,000 square meters (1,582,294.83 square feet)
in total of construction area for residential properties for
sale.
The term of the Contract is from August 25, 2019
to December 31, 2020. According to the Contract, TARE agrees to
authorize the Company to act as the primary real estate services
agency for the Project, and no other entity or agency, except TARE
itself, is allowed to sell the properties of the Project. TARE also
agrees to ensure the legality of the Project, conduct sales site
financial management, cooperate with the Company in its sales of
the residential properties of the Project, and be responsible for
disputes, which may arise from housing quality, mortgage, delivery
etc., and be responsible for implementation supervision and other
associated activities. The Company agrees to provide marketing
planning and researching service, pre-sales agency service,
after-sales transaction management service and other associated
services.
As part of the Contract, TARE agrees to pay
performance-based primary real estate agency services fees to the
Company.
Mr. Siping Xu, Chairman and Chief Executive
Officer of the Company, remarked, “We are pleased to announce this
services contract with an outstanding partner, TARE, as we expand
our business in Tianjin. Our cooperation makes the first step of
GWM's entry into the real estate industry and has great strategic
significance to both parties. We look forward to the collaboration
with TARE in Tianjin and we endeavor to extend more potential
cooperation opportunities with GMW in the future.”
About MDJM LTD
Headquartered in Tianjin, China, MDJM is an
emerging, integrated real-estate services company in China. The
Company offers primary real estate agency services to real estate
developers including integrated marketing, advertising, and
strategy planning. The Company also provides real estate consulting
and independent training services on an as-needed basis. Currently,
the Company’s major market is Tianjin Autonomous Municipality.
Since 2014, the Company has expanded its presence from Tianjin to
other cities including Chengdu, Suzhou, and Yangzhou. In addition
to its existing core business, the Company also plans to provide
real estate marketing, branding, and planning services, real estate
agency services, beautiful village operating services, and
advertisement planning services through its subsidiaries, Xishe
(Tianjin) Business Management Co., Ltd., Xishe (Tianjin) Culture
and Media Co., Ltd., and Xishe Xianglin (Tianjin) Business
Operations & Management Co., Ltd. For more information
regarding the Company, please
visit: http://ir.mdjhchina.com.
Forward-Looking Statements
This announcement contains forward-looking
statements within the meaning of the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. All statements
other than statements of historical fact in this announcement are
forward-looking statements. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
current expectations and projections about future events and
financial trends that the Company believes may affect its financial
condition, results of operations, business strategy and financial
needs. Investors can identify these forward-looking statements by
words or phrases such as “may,” “will,” “expect,” “anticipate,”
“aim,” “estimate,” “intend,” “plan,” “believe,” “potential,”
“continue,” “is/are likely to” or other similar expressions. The
Company undertakes no obligation to update forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and the
Company cautions investors that actual results may differ
materially from the anticipated results and encourages investors to
review other factors that may affect its future results in the
Company’s annual report on Form 20-F and in its other filings with
the Securities and Exchange Commission.
For more information, please contact
Investor Relations at:
Tina Xiao Ascent Investor Relations LLC Phone:
+1-917-609-0333 Email: tina.xiao@ascent-ir.com
MDJM (NASDAQ:MDJH)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
MDJM (NASDAQ:MDJH)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024