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FLJ Group Limited American Depositary Shares - $FLJ STOCK NEWS

Welcome to our dedicated page for FLJ Group American Depositary Shares news (Ticker: $FLJ), a resource for investors and traders seeking the latest updates and insights on FLJ Group American Depositary Shares stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect FLJ Group American Depositary Shares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of FLJ Group American Depositary Shares's position in the market.

Rhea-AI Summary

FLJ Group (NASDAQ:FLJ) received a Determination Letter from Nasdaq stating that the company did not comply with listing requirements. Despite submitting a Compliance Plan, Nasdaq denied the request for continued listing. The Company has appealed the Determination to a Hearings Panel to stay the suspension of its securities.

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-3.49%
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FLJ Group (NASDAQ:FLJ) has received a notice from Nasdaq regarding non-compliance with the minimum bid price requirement, giving them 180 days to rectify the issue. The company may opt for a reverse share split to meet the requirement.
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-1.46%
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FLJ Group Limited (NASDAQ: FLJ) received a notice from Nasdaq stating non-compliance with listing rules due to asset and revenue requirements. The company has 45 days to submit a plan for compliance.
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-13.52%
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FLJ Group Limited (NASDAQ: FLJ) filed its annual report for the fiscal year 2023 with the SEC. Shareholders can access the report online or request a hard copy for free.
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FLJ Group Limited (NASDAQ: FLJ) extends the maturity date of Alpha Mind Promissory Note, acquired Alpha Mind Technology Limited for $180,000,000 in all-cash purchase price.
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-2.5%
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FLJ Group Limited (NASDAQ: FLJ) has completed the acquisition of Alpha Mind Technology Limited for an all-cash purchase price of US$180,000,000. The transaction has made Alpha Mind a wholly-owned subsidiary of FLJ Group. Additionally, FLJ Group has terminated a previously announced equity acquisition agreement with Lianlian Holdings Inc.
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44.93%
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FLJ Group Limited (NASDAQ: FLJ) appoints Ms. Yanan Zhou and Ms. Yue Hu as directors, effective December 22, 2023. Ms. Zhou brings extensive experience in investment banking and FinTech, while Ms. Hu has a background in finance management and audit. For investor and media inquiries, please contact FLJ Group Limited.
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FLJ Group Limited (NASDAQ: FLJ) announced a change in the ratio of its American depositary shares (ADSs), with one (1) ADS now representing six hundred thousand (600,000) Class A ordinary shares. The change will have the same effect as a one-for-forty reverse ADS split, with no change to the Company’s Class A ordinary shares. The effect on the ADS trading price on the Nasdaq Global Market is expected to take place on December 7, 2023. Holder of ADSs will be required to surrender their old ADSs in exchange for new ADSs, with no fractional new ADSs being issued. The ADS price is expected to increase proportionally, although the Company cannot guarantee that it will be equal to or greater than forty times the ADS price before the change.
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FLJ Group Limited (FLJ) has entered into an equity acquisition agreement with Alpha Mind Technology Limited to acquire all the issued and outstanding shares in the Target Company for an aggregate purchase price of US$180,000,000 or RMB equivalent. Upon the closing of the Acquisition, Alpha Mind will become a wholly-owned subsidiary of FLJ. The Company shall deliver promissory notes to the Sellers in an aggregate amount equal to the purchase price, with a maturity of 90 days from the closing date. The Equity Acquisition Agreement contains representations, warranties, covenants, and closing conditions of each of the parties thereto that are customary for transactions of this type.
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FLJ Group Limited has sold its equity interest in its subsidiary, Haoju (Shanghai) Artificial Intelligence Technology Co., Ltd., to Wangxiancai Limited for nominal consideration. The subsidiary was involved in the long-term apartment rental business. FLJ aims to focus on the online lifestyle services sector through its recent acquisition of Lianlian Holdings Inc.
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-10.4%
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FLJ Group Limited American Depositary Shares

Nasdaq:FLJ

FLJ Rankings

FLJ Stock Data

1.89M
189.19M
97314900%
2.61%
Real Estate Services
Real Estate
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United States of America
Shanghai