TIANJIN, China, Aug. 18, 2021 /PRNewswire/ -- MDJM LTD (Nasdaq:
MDJH) (the "Company" or "MDJM"), an integrated real estate services
company in China, today announced
the establishment of a new joint venture company in the
United Kingdom under the name of
Mansions Estate Agent Ltd ("Mansions Estate"). Mansions Estate is
jointly established by MDJM's subsidiary MD Local Global Limited,
Ocean Tide Wealth Limited ("Ocean Tide"), a specialist mortgage
broker in the United Kingdom, and
Mingzhe Zhang. Mansions Estate will
be engaged in asset management business and expects to provide
comprehensive UK real estate-related services, including property
leasing, property sales, furnishings, and routine property
maintenance, to global investors. The Company believes
that the establishment of Mansions Estate is a significant
step for its global expansion strategy.
"Our new asset management business in the United Kingdom could greatly assist global
investors in compliance with the local regulations on property
rentals, especially when violations of these regulations could
damage the investors' rental profits. We believe that our asset
management business will be competitive in the market once
launched, as we aim to provide responsive and bilingual services to
customers from different time zones with affordable and transparent
pricing. In addition, we have rich experiences in promoting our
clients' property on the online rental market. We expect our asset
management business through Mansions Estate to start bringing in
revenue and growth for our company soon," said Mr. Siping Xu, Chairman and Chief Executive Officer
of MDJM.
About MDJM LTD
With branch offices in Tianjin,
Chengdu, Suzhou, and Yangzhou,
China, MDJM provides primary real
estate agency services to real estate developer clients, and
as-needed real estate consulting and independent training services.
For more information regarding the Company, please visit
http://ir.mdjhchina.com.
About Ocean Tide Wealth Limited
Based in London, the
United Kingdom, Ocean Tide is a
mortgage services provider targeting Chinese communities and
overseas investors. It specializes in providing face-to-face or
remote services on overseas buy-to-let mortgages, buy-to-let
remortgages, commercial mortgages, development finance, bridging
finance, personal and home insurance. Ocean Tide is committed to
providing its customers with a personalized service, which
encompasses its high standards of financial planning and customer
care. More information can be found at
http://www.oceantidewealth.com/.
Forward-Looking Statements
This announcement contains forward-looking statements. 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. In addition, there is uncertainty about the
further spread of the COVID-19 virus or new variants thereof, or
the occurrence of another wave of cases and the impact it may have
on the Company's operations. 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 its
other filings with the Securities and Exchange Commission.
Investor Contact:
Sherry
Zheng
Weitian Group LLC
Email: shunyu.zheng@weitian-ir.com
Phone: +1 718-213-7386
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SOURCE MDJM LTD