UCASU Confirms the Listing of Dallas Land for $2.25 Million
UCASU Confirms the Listing of Dallas Land for $2.25 Million
UCASU confirms the listing of Dallas land for $2.25 million
UCASU確認以225萬美元上市達拉斯土地
UCASU confirms the listing of Dallas land for $2.25 million
UCASU確認以225萬美元上市達拉斯土地
Atlanta, Oct. 07, 2022 (GLOBE NEWSWIRE) -- UC Asset LP (OTCQX: UCASU) announced today that the company has listed for sale a piece of property, a 72-acre land in the metropolitan area of Dallas, Texas. The property is listed for $2.25 million.
亞特蘭大，2022年10月7日(Global Newswire)--UC Asset LP(OTCQX：UCASU)今天宣佈，該公司已將德克薩斯州達拉斯大都市區的一塊72英畝土地掛牌出售。這處房產的掛牌價為225萬美元。
UC Asset acquired the land in October 2016 for approximately $800,000. In October 2020, UC Asset sold the land to Dallas local company Puration Inc. and entered into a partnership with Puration to co-develop the land into a medical plant cultivation project.
UC Asset於2016年10月以約80萬美元收購了這塊土地。2020年10月，UC Asset將該土地出售給達拉斯當地公司Puration Inc.，並與Puration建立了合作伙伴關係，共同開發該土地為一個藥用植物種植項目。
Over the past years, Puration had paid UC Asset $350,000 in cash and 100 million restricted shares which had a market value of $860,000 at the time of issuance (currently has a market value of $350,000). Yet Puration still owed UC Asset approximately $1.10 million dollars.
在過去幾年中，Puration向UC Asset支付了350,000美元的現金和1億股限制性股票，這些股票在發行時的市值為860,000美元(目前的市值為350,000美元)。然而，Puration仍欠UC Asset約110萬美元。
Last month, UC Asset purchased back the property at $1.35 million, out of which $1.10 million was offset by the debt Puration owing to UC Asset. UC Asset will keep the 100 million restricted shares.
上個月，UC Asset以135萬美元回購了該物業，其中110萬美元被UC Asset的債務清償所抵消。UC Asset將保留1億股限制性股票。
"The total revenue we expected to receive from the partnership with Puration was more than $2.25 million," explained Larry Wu, founder of UC Asset. "Had the partnership with Puration progressed as planned, we would have received the full payment from Puration, and the restricted shares might be worth more because Puration would become a more successful business. It could have been a very lucrative joint venture for both of us."
UC Asset創始人拉里·吳(Larry Wu)解釋説：“我們預計與Puration的合作將帶來超過225萬美元的總收入。”如果與Puration的合作按計劃進行，我們就會收到Purtion的全額付款，限售股可能會更值錢，因為Puration將成為一項更成功的業務。對我們兩人來説，這可能是一家非常有利可圖的合資企業。
"Unfortunately, due to factors that were not directly related to our partnership and were beyond our control, such as the new capital market situation that had made it much harder to raise capital, we had to take a step back," said Wu. "We are happy that we reached an agreement with Puration to purchase the land back."
“不幸的是，由於一些與我們的合作關係沒有直接關係、超出我們控制範圍的因素，比如新的資本市場形勢使得融資變得更加困難，我們不得不後退一步，”吳説。“我們很高興與Purpose達成了回購土地的協議。”
Despite that UC Asset has given up the potentially more lucrative partnership with Puration, it may still make remarkable profit from this 72-acre land. Using a total cost of approximately $900,000, the listed price of $2.25 million represents 250% value increase, which equals to 25% annual return.
儘管UC Asset已經放棄了與Puration潛在的更有利可圖的合作伙伴關係，但它仍可能從這塊72英畝的土地上獲得可觀的利潤。以總成本約90萬美元計算，225萬美元的掛牌價相當於250%的價值增長，相當於25%的年回報率。
UC Asset carries no mortgage loan or any other debt against the land, which means all sales proceeds, after deduction of small amount of fees and taxes, will become net proceeds to UC Asset.
UC Asset不承擔土地抵押貸款或任何其他債務，這意味着所有銷售收益，在扣除少量費用和税收後，將成為UC Asset的淨收益。
According to UC Asset's realtor agent, it has already received inquiries from several potential buyers in the first few days of listing.
據UC Asset的房地產經紀人表示，在上市的頭幾天裏，它已經收到了幾個潛在買家的詢問。
A link to the listing can be found as below:
指向該列表的鏈接如下：
About UC Asset LP
關於UC Asset LP
UC Asset LP is a limited partnership formed for the purpose of investing in real estate with innovative strategies, concentrating in metropolitan areas of Atlanta, GA. For more information about UC Asset, please visit:
UC Asset LP是一家有限合夥企業，旨在以創新戰略投資房地產，集中在佐治亞州亞特蘭大的大都市地區。有關UC Asset的更多信息，請訪問：
Disclaimer:
免責聲明：
This News Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements, or industry results, to differ materially from any these statements. You are cautioned not to place undue reliance on any those forward-looking statements. Except as otherwise required by the federal securities laws, we undertake no obligation to publicly update or revise any forward-looking statements after the date of this news release. None of such forward-looking statements should be regarded as a representation by us or any other person that the objectives and plans set forth in this News Release will be achieved or be executed.
本新聞稿包含符合1995年私人證券訴訟改革法的前瞻性陳述。這些前瞻性陳述涉及已知和未知的風險、不確定性和其他重要因素，這些風險、不確定性和其他重要因素可能導致我們的實際結果、業績或成就或行業結果與這些陳述大相徑庭。告誡您不要過度依賴任何這些前瞻性陳述。除非聯邦證券法另有要求，否則我們沒有義務在本新聞稿發佈之日後公開更新或修改任何前瞻性陳述。任何此類前瞻性陳述都不應被我們或任何其他人視為本新聞稿中規定的目標和計劃將會實現或執行的陳述。
For More Information Contact: IR@UCasset.com
詳情查詢，請聯繫：ir@UCasset.com
Attachments
附件
- UCASU confirms the listing of Dallas land for $2.25 million
- UCASU confirms the listing of Dallas land for $2.25 million
- UCASU確認以225萬美元上市達拉斯土地
- UCASU確認以225萬美元上市達拉斯土地
譯文內容由第三人軟體翻譯。