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Stock impact report

JMU Limited Acquired Unicorn Investment Limited

JMU LTD ADS (JMU) 
US:NASDAQ Investor Relations: ir.ccjmu.com
Company Research Source: PR Newswire
SHANGHAI, May 21, 2019 /PRNewswire/ -- JMU Limited (the "Company" or "JMU") (Nasdaq: JMU), a B2B online e-commerce platform that provides integrated services to suppliers and customers in the foodservice industry in China, today announced that the Company has acquired Unicorn Investment Limited ("Unicorn"). Pursuant to a share purchase agreement, on May 21, 2019, JMU purchased all the issued and outstanding shares of Unicorn from its shareholder for the consideration of 632,660,858 newly issued ordinary shares of JMU. Unicorn is a developer of asset transaction platform products based on blockchain technologies. The former shareholder of Unicorn and the seller in the acquisition, Mr. Haohan Xu, is a principal shareholder of the Company. Mr. Xu held 25.7% of all the issued and outstanding shares of the Company immediately prior to the closing of the acquisition, and will hold approximately 48.0% of all the issued and outstanding shares of the Company immediately after the closing of th Show less Read more
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