Author: dailymushroom

Once finalized, shareholders of WUHN before the cut-off date will receive shares of SDT, therefore benefiting from all four existing subsidiaries under two fully reporting parent companies.

After the spin-off, Wuhan General Group, Inc. will focus its operation on large-scale mining cryptocurrency farms and explore other potential avenues and acquisitions to bring additional sources of income and assets to the company.

SDT, the private Canadian company, will become a fully traded public company on both the US and Canadian market exchange and will continue its operations through its subsidiaries including SDIT, SDET, and SDMT.

MONTREAL, Sept. 05, 2018 (GLOBE NEWSWIRE) — via OTC PR WIRE — Wuhan General Group (China), Inc. (OTC PINK: WUHN) (the “Company”), a Nevada investment company focused on the industrial technology market space, announced its plan to pursue a spin-off of the Company’s Canadian tech-related business, Strategic Development of Technology (SDT), Inc. to Company shareholders. The separation is a strategic move by the Company to benefit its shareholders with the enhanced growth potential of two fully reporting parent companies that span multiple fast-developing industries. The transaction is intended to take the form of a tax-free distribution to Wuhan shareholders, who are eligible to receive SDT common stock shares. The distribution ratio and Record Date will be announced at a later time.

With SDT as a standalone public company, the spin-off will ensure that Wuhan shareholders will continue to benefit from SDT subsidiaries. Following the transaction, each parent company will have distinct corporate strategies and capital allocation priorities:

1. Wuhan’s portfolio of businesses will be comprised primarily of industry-leading blockchain technology development (SDBT). By isolating its cryptocurrency profile, the Company is expected to generate stable growth opportunities and focus its strategy to acquire and generate business in new industries.
2. The spin-off of the private company Strategic Development of Technology (SDT) into a public company will be focused on the development of batteries (SDET), electric equipment (SDMT), and Intelligence (SDIT) technology. SDT’s subsidiaries have leading positions in industrial mining and energy markets throughout North America. The spin-off transaction will position these three subsidiaries to drive industry growth and initiatives in creating sustainable solutions for these markets.

Benefits of the Spin-off Transaction:

Enhances overall growth potential through two focused companies

Wuhan believes that both the growth potential and overall valuation of its businesses will be enhanced as a result of separating its current portfolio into two separate companies. The Nevada based Investment company and the Canadian Technology Development company will each be more focused and competitive as leading standalone companies in their respective industries.

Expands trading opportunities in the US and Canada

The spin-off of SDT will allow a compelling opportunity by trading on both the OTCQB and CSE markets.

Enables each company to advance differentiated investments

Wuhan believes that this transaction will yield new opportunities to generate business and provide value through new market opportunities. This enables investors to clearly evaluate the inherent value of each company’s portfolio of assets and invest accordingly.

Maintains benefits of SDT’s industrial technology development structure

As a fully reporting public company, SDT can continue to improve upon its unparalleled contributions to the sustainable industrial technology sector.

Next Steps:

The private company, SDT will undergo an audit during the month of September and then file its initial registration statement with the Securities and Exchange Commission to be a fully reporting company. The Company plans on listing SDT on the OTC Markets OTCQB marketplace first, then on the CSE.

Once the separation is complete, Wuhan General Group (China), Inc. will file its three years of audited financials to become a fully reporting company as well as uplisting to OTCQB; the name and ticker change will follow. The Company will continue to provide shareholders with transaction details as they arise. A new corporate website for Wuhan and SDT will go live prior to the Record Date, which will be announced at a later time.

About Wuhan General Group (China) Inc.

Wuhan General Group (China), Inc., based in Nevada, is an investment company focused in the areas of Cryptocurrency mining operations and infrastructure. In addition to its strong commitment to facilitate the development and adoption of cryptocurrency mining operations, Wuhan continues to pursue distinct investment decisions based on emerging markets that reflect the highest business, technical, and legal standards.

About SDT Inc.

SDT is a Montreal-based Canadian technology holding company whose primary business operations are conducted through its operating subsidiaries SDMT, SDET, and SDIT. The subsidiaries are engaged in the research, development, and manufacturing of industrial battery technologies and electric Material Handling Equipment (eMHE) to assist the mining, construction, and agricultural industries in eliminating greenhouse gas (GHG) emissions by moving from diesel power to a battery-powered energy source.

SDT subsidiaries are also exploring the research and application of artificial intelligence and blockchain technologies to the mining, agriculture and construction industries.

Wuhan General Group (China), Inc.
Publicly traded company (OTC Pink:WUHN)
Website: www.wuhn.org

Strategic Development of Technology, Inc.
Private company
Website: www.sdtholdings.com

For further information contact:
Public Relations
Phone: (514) 928-7368
E-mail: info@wuhn.org

Forward-Looking Statements

Safe Harbour Statement – In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company’s future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company’s business units or the market price of its common stock. Additional factors that could cause actual results to differ materially from those contemplated within this press release can also be found on the Company’s website. The Company disclaims any responsibility to update any forward-looking statements.

Source: Wuhan General Group (China), Inc.

MONTREAL, Sept. 04, 2018 (GLOBE NEWSWIRE) — via OTC PR WIRE — Wuhan General Group (China), Inc. (OTC PINK: WUHN) (the “Company”), a Nevada investment company focused on the industrial technology market space, announced today that its Board of Directors has unanimously approved a plan to pursue a spin-off of the Company’s Canadian tech related business, Strategic Development of Technology (SDT), Inc, to Company shareholders. The separation is planned as a tax-free spin-off transaction to the Company’s shareholders and is expected to be completed in the fourth quarter of 2018.

The transaction is expected to result in two separate public companies that will benefit from leading positions in their respective industries. As of the Record Date (cut-off date), the Company shareholders will be eligible to receive SDT common stock shares. The transaction is intended to take the form of a tax-free distribution to Company shareholders. The expected stock distribution ratio will be confirmed in the comings weeks.

Ramy Kamaneh, CEO said: “We believe that establishing SDT as a stand-alone, fully reporting public company will allow for us to align more closely with our strategic initiatives. It will also give the investment community clearer insight into the potential value our businesses can continue to create. As a Canadian company, this is a compelling opportunity to reach investors in the U.S. and in Canada by trading on both the OTCQB and CSE stock exchange markets.”

The Company anticipates that the spin-off will enhance the growth potential and overall valuation of its businesses as a result of creating two separate companies specialized in fast-growing industries. With the added advantage of access to both Canada and U.S. market, the Company is confident it will better serve shareholders. It will also allow each company to be more focused and competitive in their respective industries. This announcement will also serve to enable SDT to execute even better on their strategy and drive their vision of a sustainable and equitable industrial technology market. Once the separation completed, Wuhan General Group (China), Inc will file its 3 years of audited financials to become a fully reporting company as well as up listing to OTCQB, and apply for name and ticker symbol change.

Additional Details

The Record date and completion of the transaction is subject to certain usual conditions, including SEC, Legal and shareholder approvals. The Company currently anticipates the Distribution Date to be in December 2018. Dates are subject to change. The Company will release information in the coming weeks with definitive dates and further information.

About Wuhan General Group (china), Inc.

Wuhan General Group (China), Inc. is a Nevada based investment company focused in the areas of Cryptocurrency mining operations, battery & electric material handling equipment manufacturing, services in artificial intelligence, as well as Internet of Things hardware. In addition to this, they are also dedicated to working in the application of blockchain technologies to mining, agriculture and construction industries.

About Strategic Development of Technology (SDT), Inc.

SDT, Inc. is a Montreal-Based Canadian corporation engaged in the research, development and manufacturing of industrial battery technologies and electric Material handling equipment (eMHE) to assist the mining, construction and agricultural industries in eliminating greenhouse gas (GHG) emissions by moving from diesel power to a battery-powered energy source. SDT’s deep understanding of battery chemistry and the in-field operations for industries such as the underground mining industry, gives it a competitive advantage to become a leader in the development of this space as well as in assisting these industries in their adoption to battery powered material handling equipment.

By complementing its industrial batteries and eMHE with predictive maintenance using artificial intelligence and hardware (Internet of things), SDT can effectively manage and coordinate a full-scale battery-powered operation and charging infrastructure 24-7 at some of the most remote locations in the world.

SDT is also building, through its subsidiary, a cryptocurrency mining operation as well as exploring the research and application of blockchain technologies to the mining, agriculture and construction industries.

Wuhan General Group (China), Inc.

Publicly traded company (OTC Pink:WUHN)
Website:www.sdtholdings.com

For further information contact:

Public Relations
Phone: (514) 928-7368
E-mail:info@sdtholdings.com

Forward-Looking Statements

Safe Harbour Statement – In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company’s future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company’s business units or the market price of its common stock. Additional factors that could cause actual results to differ materially from those contemplated within this press release can also be found on the Company’s website. The Company disclaims any responsibility to update any forward-looking statements.

Source: Wuhan General Group (China), Inc.

MONTREAL, Aug. 29, 2018 (GLOBE NEWSWIRE) — via OTC PR WIRE — Wuhan General Group (China), Inc. (OTC PINK: WUHN) (the “Company”), a Nevada investment company focused on the industrial technology market space, announces today that, starting next week, they will begin a series of common share cancellations to reorganize the share structure of the Company to increase shareholder value.

The company intent to reduce its outstanding common shares from 100 million to approx. 35 million shares, with a press release confirming each transaction as they occur. All canceled shares will be returned to the company treasury to be used in future acquisitions of businesses and assets. This will work to stimulate the company’s growth and increase value for current and future shareholders.

Ramy Kamaneh, CEO said: “We are excited about initiating our strategy roadmap, hence creating wealth for our investors. It shows the trust we have in the process of expanding this company, and we look forward to what is to come.”

This restructuring is not only an important step for the company, but also signifies a growing strength in mining electrification, cryptocurrencies, industrial batteries, Internet of Things hardware, and artificial intelligence — all promising niche markets. As Wuhan General Group continues to narrow its focus on the service of growth, ethics, sustainability, and safety in growing industries, investors are provided an opportunity to get the best shareholder value.

Addressing the name and ticker change, the company has decided to postpone this change until Q1 2019. At that time, the company will audit their past three years’ finances to secure their title as a fully reporting company. Once this is achieved, Wuhan General Group will reapply with Finra.

About Wuhan General Group
Wuhan General Group (China) Inc. is a Nevada based investment company focused in the areas of Cryptocurrency mining operations, battery & electric material handling equipment manufacturing, services in artificial intelligence, as well as Internet of Things hardware. In addition to this, they are also dedicated to working in the application of blockchain technologies to mining, agriculture and construction industries.

Wuhan General Group (China), Inc.
Publicly traded company (OTC Pink: WUHN)
Website:www.sdtholdings.com

For further information contact:
Public Relations
Phone: (514) 928-7368
E-mail:info@sdtholdings.com

Forward-Looking Statements
Safe Harbour Statement – In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company’s future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company’s business units or the market price of its common stock. Additional factors that could cause actual results to differ materially from those contemplated within this press release can also be found on the Company’s website. The Company disclaims any responsibility to update any forward-looking statements.

Source: Wuhan General Group (China), Inc

MONTREAL, July 30, 2018 (GLOBE NEWSWIRE) — via OTC PR WIRE —  Wuhan General Group (China), Inc./ SDT Holdings, Inc.(OTC PINK:WUHN) (the “Company”), a Montreal-based industrial technology holding company serving various industries through their four subsidiaries, announces major developments.

The Company is pleased to announce that OTC Markets have restored its reporting status to OTC Pink Current Information. Ramy Kamaneh, CEO of SDT Holdings, states, “I want to thank our internal corporate team for their outstanding efforts in achieving this very important milestone. In particular we want to thank our SEC legal team at Booth Udall Fuller, PLC for their expertise and persistence to ensure the company adheres to compliance guidelines.”

Mr. Kamaneh continues, “The company will seek to obtain formal approval for its name and symbol change through FINRA in the coming days and will update our stockholders throughout the process. We now can move forward with our exciting strategies, roadmap, partnerships, acquisitions, and managerial additions. We are excited about the upcoming updates for our shareholders.”

About

SDT Holdings, Inc. is a Montreal-based industrial technology holding company that focuses on the development, production and commercialization of its four subsidiaries, specialized in these areas: mining electrification, cryptocurrencies / blockchain, industrial batteries, internet of things and artificial intelligence for the industrial market. Dedicated to supplying quality, innovative technologies and battery solutions, SDT Holdings services the transport, mining, agricultural, Construction and earthmoving industries.

SDT Holdings, Inc
Publicly traded company (OTC Pink: WUHN)
Website: www.sdtholdings.com

For further information contact:

Contact: Bruce Haase Public Relations
Phone: (514) 928-7368b Ext 6
E-mail:info@sdtholdings.com

Forward-Looking Statements

Safe Harbour Statement – In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company’s future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company’s business units or the market price of its common stock. Additional factors that would cause actual results to differ materially from those contemplated within this press release can also be found on the Company’s website. The Company disclaims any responsibility to update any forward-looking statements.

Source: Wuhan General Group (China), Inc.

MONTREAL, July 25, 2018 (GLOBE NEWSWIRE) — via OTC PR WIRE  —  SDT Holdings, Inc. / Wuhan General Group (China), Inc. (OTC PINK:WUHN) (the “Company”), a Montreal-based industrial technology holding company serving various industries through their four subsidiaries, filed its Information and Disclosure Statement with OTC Markets.

The Company’s Information and Disclosure Statement includes financial statements for the years ended 2016 and 2017, as well as first quarter 2018. The Company believes it has now filed the necessary documentation with OTC Market to achieve Current Pink status.

The Company has also filed Articles of Amendment with Nevada Secretary of State changing the Company’s name from “Wuhan General Group (China), Inc.” to “SDT Holdings, Inc.” The Company has begun work with FINRA to implement the name change and is seeking to change its ticker symbol. Potential options for the new ticker symbol include “SDTH” and “SDTG” which are under consideration as well as others if these they are unavailable.

“We are very happy to have made our financials available on the OTC Markets website,” commented Ramy Kamaneh, CEO of WUHN. “We are extremely grateful for all the hard work that our financial and legal teams have put in place to lead us today. We do not control the outcome of these efforts, which took more time and capital than originally planned, but we believe that improving transparency for our investors is an important milestone, and with all these changes undertaken, we hope to continue to grow our business and create strong shareholder value.”

About

SDT Holdings, Inc. is a Montreal-based industrial technology holding company that focuses on the development, production and commercialization of its four subsidiaries, specialized in these areas: mining electrification, cryptocurrencies / blockchain, industrial batteries, internet of things and artificial intelligence for the industrial market. Dedicated to supplying quality, innovative technologies and battery solutions.

Contact: Bruce Haase Public Relations
Phone: (514) 928-7368 ext. 6
E-mail: info@sdtholdings.com
Website: www.sdtholdings.com

Forward-Looking Statements

Safe Harbour Statement – In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company’s future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company’s business units or the market price of its common stock. Additional factors that would cause actual results to differ materially from those contemplated within this press release can also be found on the Company’s website. The Company disclaims any responsibility to update any forward-looking statements.

Source: Wuhan General Group (China), Inc.