9 Mar 2023
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.”