SHANGHAI , July 16, 2019 /PRNewswire/ -- JMU Limited (the "Company" or " JMU ") (Nasdaq: JMU ), a B2B online e-commerce platform that provides integrated services to suppliers and customers ...
JMU Limited (the "Company" or "JMU") (Nasdaq: JMU) today announced that the Company's application to transfer the Company's listing of its American Depositary Shares (the "ADSs") from the Nasdaq Global Market to the Nasdaq Capital Market has been approved by the Listing Qualification Department of The Nasdaq Stock Market ("Nasdaq").
SHANGHAI , Aug. 16, 2019 /PRNewswire/ -- JMU Limited (the "Company" or " JMU ") (Nasdaq: JMU ) today announced that it has received a notification letter from Nasdaq dated August 14, ...
SHANGHAI, July 22, 2019 /PRNewswire/ -- JMU Limited (the "Company" or "JMU") (Nasdaq: JMU) today announced that it has divested its food supply chain business by selling all the issued and outstanding shares of New Admiral Limited, a wholly-owned subsidiary of the Company to Marvel Billion Development Limited in exchange for $1,000,000 in cash. In addition, the buyer and the divested entities agreed to waive all the rights and claims with respect to the liabilities owed by the Company to the divested entities. Marvel Billion Development Limited is associated with the Company's chairperson of the board of directors and chief executive officer Ms. Xiaoxia Zhu.
JMU Limited (the "Company") (Nasdaq: MFH) today announced that the Company has entered into a share purchase agreement with Beijing Kuali Yitong Technology Co., Ltd. ("Beijing Kuali Yitong"), its affiliated offshore holding company, NBpay Investment Limited ("NBpay," together with Beijing Kuali Yitong, "NBpay Group"), and Mr. Kaiming Hu, an independent third party owning NBpay Group. Pursuant to the agreement, the Company will issue 761,789,601 ordinary shares to Mr. Kaiming Hu in exchange for the entire ownership in NBpay and the control over the NBpay Group. This transaction is subject to customary closing conditions. After the closing, Mr. Kaiming Hu will hold approximately 26.5% of the issued and outstanding ordinary shares of the Company.
SHANGHAI , Aug. 13, 2019 /PRNewswire/ -- JMU Limited (the "Company" or " JMU ") (Nasdaq: JMU ) today announced that the Company has entered into definitive agreements regarding a private ...
SHANGHAI , July 1, 2019 /PRNewswire/ -- JMU Limited (the "Company" or " JMU ") (Nasdaq: JMU ), a B2B online e-commerce platform that provides integrated services to suppliers and customers ...
Every investor in JMU Limited (NASDAQ:JMU) should be aware of the most powerful shareholder groups. Institutions will...
JMU Limited (the "Company") (Nasdaq: MFH) today announced that the Company's ticker symbol on the Nasdaq Capital Market has changed to "MFH" from "JMU." Trading under the new ticker symbol began on Wednesday, February 12, 2020.
SHANGHAI, Aug. 1, 2019 /PRNewswire/ -- JMU Limited (the "Company" or "JMU") (Nasdaq: JMU) today announced the appointment of Ms. Hua Zhou, a director of the Company, as chief executive officer of the Company and chairperson of the Company's board of directors (the "Board"), effective July 31, 2019. Ms. Zhou replaced Ms. Xiaoxia Zhu, who stepped down as the Company's chief executive officer and chairperson of the Board due to personal reasons.
SHANGHAI , Aug. 1, 2019 /PRNewswire/ -- JMU Limited (the "Company" or " JMU ") (Nasdaq: JMU ) today announced its unaudited financial results for the six months ended June 30, 2019 ...
JMU Limited (the "Company" or "JMU") (Nasdaq: JMU) today announced the resignation of Mr. Tianruo (Robert) Pu ("Mr. Pu") as (i) member of the board of directors of the Company (the "Board"), (ii) member of the audit committee (the "Audit Committee") and the compensation committee of the Board (the "Compensation Committee"), and (iii) chairperson of the Audit Committee for personal reasons.
SHANGHAI , Nov. 20, 2019 /PRNewswire/ -- JMU Limited (the "Company" or " JMU ") (Nasdaq: JMU ) today announced its unaudited financial results for the three months ended September 30, ...
JMU Limited (the "Company") (Nasdaq: MFH) today announced that the Company had received a notice from the NASDAQ Stock Market LLC ("NASDAQ"), dated March 2, 2020, notifying that, the Company is currently not in compliance with the minimum bid price requirement set forth under NASDAQ Listing Rule 5550(a)(2) (the "Rule"). It has resulted from the fact that the bid price of the Company's American depositary shares ("ADSs") closed below US$1 per share for the last 30 consecutive business days from January 15, 2020 to February 28, 2020. The Company has been granted a grace period of 180 calendar days, expiring on August 31, 2020, in which to regain compliance. The Company will regain compliance if, at any time during this 180-day period, the closing bid price of the Company's ADSs is at least US$1 for a minimum of ten consecutive business days. In the event the Company does not regain compliance with the Rule within 180 calendar days, the Company may be eligible for additional time.