JMU Receives Nasdaq Notification of Deficiency
JMU LTD ADS (JMU)
US:NASDAQ Investor Relations:
ir.ccjmu.com
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Source: PR Newswire
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 in the foodservice industry in China, today announced it received a letter (the "Notification Letter") from Nasdaq notifying the Company that it does not meet the continued listing requirements for (i) the stockholders' equity as reported in the Company's annual report on Form 20-F for the period ended December 31, 2018 is below the minimum amount of $10,000,000 as required for continued listing under the equity standard, (ii) the market value of listed securities of the Company is below $50 million as required for continued listing under the market value standard, and (iii) the market value of publicly held shares is below $15 million as required for continued listing under both the market value and the total assets/total revenue standards. The Notification Letter states that the staff of Nasdaq has d
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