JM Group Limited Announces Receipt of NYSE American Notice of Delisting

JM Group (NYSE American:JMG) received a NYSE American notice on June 12, 2026 that NYSE Regulation intends to commence proceedings to delist its ordinary shares, citing unsuitability under Sections 1001, 1002(e) and 1003 of the NYSE American Company Guide.

Rhea-AI Summary

JM Group (NYSE American:JMG) received a NYSE American notice on June 12, 2026 that NYSE Regulation intends to commence proceedings to delist its ordinary shares, citing unsuitability under Sections 1001, 1002(e) and 1003 of the NYSE American Company Guide.

The company disagrees, notes prior SEC trading suspension lapsed on January 29, 2026, and says regulators have not identified evidence linking JM Group or management to certain third-party social media communications. JM Group can request review of the delisting decision by June 19, 2026 and is evaluating options while continuing operations.

Positive

• SEC trading suspension on JMG shares lapsed on January 29, 2026 without further SEC action at that time
• As of the announcement date, JM Group reports no further information requests from the SEC
• Company states regulators did not identify evidence linking JM Group or management to third-party social media communications
• JM Group reports no change in shareholder structure or control since initial listing approval in December 2025
• Company can request NYSE American panel review of the delisting decision by June 19, 2026
• JM Group states its operations continue to grow and emphasizes ongoing focus on governance and compliance

Negative

• NYSE American staff determined to commence proceedings to delist JM Group ordinary shares
• NYSE American deems JMG not suitable for continued listing under Sections 1001, 1002(e) and 1003 of the Company Guide
• Trading in JMG shares was suspended by the SEC and halted by NYSE American starting January 15, 2026
• Extended trading halt on the Exchange continues after the SEC suspension lapsed

Key Figures

Share price: $6.61 1-day move: -6.77% 52-week range high: $9.60 +5 more

Share price

$6.61

Pre-news current_price for JMG

1-day move

-6.77%

price_change_24h_percent ahead of delisting notice

52-week range high

$9.60

52-week high before delisting news

52-week range low

$4.23

52-week low before delisting news

Market cap

$130,547,500

Equity value prior to delisting announcement

CEO holdings

8,160,000 ordinary shares

Form 3 direct holdings of CEO Ting Chun Kwok Stanley

Shares outstanding

20,312,500 ordinary shares

Outstanding as of 20-F report date

Ownership stake

41.3% of class

Schedule 13G beneficial ownership by Chun Kwok Stanley Ting

Key Terms

nyse american, trading suspension, trading halt, section 12(k), +4 more

8 terms

nyse american regulatory

"NYSE American LLC (“NYSE American” or the “Exchange”) publicly announced..."

NYSE American is a stock exchange where companies can list their shares to be bought and sold by investors. It functions like a marketplace, helping businesses raise money and providing investors with opportunities to buy ownership in these companies. Its role is important because it facilitates the trading of smaller or emerging companies, offering investors access to a broader range of investment options.

trading suspension regulatory

"the trading of the Company’s ordinary shares was temporarily suspended by..."

A trading suspension is a temporary halt on buying and selling a company's stock imposed by an exchange or regulator while a specific issue is resolved or more information is provided. It matters to investors because it freezes the market value and prevents trades—like pausing a game until the referee clears a disputed play—so investors cannot adjust positions and may face sudden price moves or uncertainty when trading resumes.

trading halt regulatory

"followed by the trading halt by NYSE Regulation commencing on the same day"

A trading halt is a temporary pause on buying and selling a particular stock imposed by an exchange or regulator, like pressing the pause button on a game so everyone can catch up. It is used to give the market time to absorb important new information or to prevent chaotic price swings, and matters to investors because it freezes the ability to trade, delays price discovery, and can change risk and strategy until normal trading resumes.

View in glossary

section 12(k) regulatory

"suspended trading in its securities... under Section 12(k) of the Securities..."

Section 12(k) is a provision in U.S. securities law that lets the Securities and Exchange Commission temporarily suspend trading in a listed security when it believes doing so is needed to protect investors or maintain an orderly market. Think of it as an emergency pause button that freezes buying and selling while regulators investigate missing information, potential fraud, or chaotic price swings; for investors this means immediate loss of liquidity and increased uncertainty about the stock’s value until trading resumes.

form 20-f regulatory

"files its annual report on Form 20-F for the year ended September 30, 2025"

Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.

form 6-k regulatory

"[6-K] JM Group Ltd Current Report (Foreign Issuer)"

A Form 6-K is a report that companies listed in certain countries file to provide important updates, such as financial results, corporate changes, or other significant information, to regulators and investors. It functions like an official company update or news release, helping investors stay informed about developments that could affect their investment decisions.

schedule 13g regulatory

"[SCHEDULE 13G] JM Group Ltd Passive Investment Disclosure (>5%)"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

listings qualifications panel regulatory

"right to a review... by the Listings Qualifications Panel of the Committee..."

A listings qualifications panel is a committee at a stock exchange or regulatory body that reviews whether a company continues to meet the exchange’s rules on finances, disclosure and governance. For investors it matters because the panel can require corrective actions, impose trading limits, or remove a stock from the exchange—moves that directly affect a company’s liquidity, market price and investors’ ability to buy or sell shares, like a quality-control inspector deciding if a product stays on the shelf.

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Hong Kong, June 16, 2026 (GLOBE NEWSWIRE) -- JM Group Limited (“JM Group” or the “Company”), a Hong Kong-headquartered sourcing and wholesale solutions provider for a wide array of consumer products, today announced that on June 12, 2026, NYSE American LLC (“NYSE American” or the “Exchange”) publicly announced and provided a notice to the Company that the staff of NYSE Regulation (the “NYSE Regulation”) has determined to commence proceedings to delist the Company’s ordinary shares from NYSE American (the “Delisting Decision”).

NYSE Regulation has determined that the Company’s ordinary shares are not suitable for continued listing pursuant to Sections 1001, 1002(e), and 1003 of the NYSE American Company Guide (the “Guide”), pursuant to which, the NYSE Regulation may, at any time, suspend dealings in, or remove, a security from listing when in its opinion such security is unsuitable for continued trading on the Exchange. 

As previously disclosed, the trading of the Company’s ordinary shares was temporarily suspended by Securities and Exchange Commission (the “SEC”) on January 15, 2026 (the “Trading Suspension”) followed by the trading halt by NYSE Regulation commencing on the same day (the “Trading Halt”). Subsequently, the Company received requests from the SEC and the Exchange for certain information and documents. The Company has produced multiple batches of documents and maintained ongoing correspondence with the SEC and the NYSE Regulation respectively in response to their ongoing investigations. On January 29, 2026, the SEC’s Trading Suspension was allowed to lapse without further action. On January 30, 2026, with the Trading Halt continued by the Exchange, the Company’s board of directors formed a special committee to oversee the internal investigation that was initiated in response to the investigations by the SEC and the Exchange. On April 23, 2026, the Company was informed by the SEC that it was continuing to review the Company’s response to document requests and would be in contact if anything further was needed. As of the date hereof, the Company has not received further requests from the SEC.

JM Group respectfully disagrees with the Delisting Decision. The Company understands from the regulatory investigations that the Trading Suspension and Trading Halt relate, at least in part, to certain third-party communications via social media concerning trading in the Company’s securities. To the Company’s knowledge, no evidence was identified by any regulatory authorities linking the Company or its management to such communications or to the third parties who may have disseminated them. The Company was not informed, as of the conclusion of the regulatory investigation, of any evidence indicating that the Company or any of its officers or directors violated any applicable securities laws and regulations or listing standards in connection with such communications. The ordinary shares of the Company were approved for listing on December 9, 2025 by demonstrating satisfaction of the initial listing requirements. There has been no change to the material aspects of the Company including its shareholder structure or control, and the Company’s operations continue to grow. The Company believes that any delisting determination should be based on the Company’s conduct, evidence developed through the Exchange’s review process, and the applicable listing standards and securities laws and regulations and the interest of its public shareholders.

According to the notice of Delisting Decision, the Company has the right to a review of the Delisting Decision by the Listings Qualifications Panel of the Committee for Review of the Board of Directors of the Exchange, provided that the Company’s request for such a review must be made by no later than June 19, 2026. The management of the Company is currently evaluating whether to request such review and assessing other appropriate options to protect the interests of Company’s shareholders and the Company.

The Company remains focused on its business operations and remains committed to maintaining high standards of corporate governance, compliance, and transparency. The Company will provide further updates as appropriate.

Forward-Looking Statements

Statements in this press release that are not historical facts, including statements regarding the Company’s expectations, intentions, plans, and available options with respect to the NYSE Regulation determination and any potential review process, are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the Company’s actual results to be materially different from its historical results or from any results expressed or implied by such forward-looking statements. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.

Contact: 
info@justen-marks.com.hk
services@wfsir.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Why did NYSE American move to delist JM Group (JMG) in June 2026?

NYSE Regulation determined JM Group’s ordinary shares are not suitable for continued listing under Sections 1001, 1002(e) and 1003. According to JM Group, this follows earlier trading halts linked to regulatory reviews of third-party social media communications about its securities.

What is the deadline for JM Group (JMG) to appeal the NYSE American delisting decision?

JM Group must request a review of the NYSE American delisting decision by June 19, 2026. According to the company, management is evaluating whether to seek panel review and considering other options to protect shareholder interests.

How are SEC actions connected to the NYSE American delisting notice for JM Group (JMG)?

The SEC suspended trading in JM Group shares on January 15, 2026, and let that suspension lapse on January 29, 2026. According to JM Group, both SEC and Exchange reviews involved third-party social media communications about trading in its securities.

Did regulators find evidence that JM Group (JMG) or its management were involved in social media communications about its stock?

JM Group states regulators did not identify evidence linking the company or its management to those third-party social media communications. According to the company, it was not informed of evidence that its officers or directors violated securities laws or listing standards in that context.

What steps has JM Group (JMG) taken in response to SEC and NYSE American investigations?

JM Group has produced multiple batches of documents and maintained ongoing correspondence with regulators. According to the company, its board formed a special committee on January 30, 2026 to oversee an internal investigation related to the SEC and Exchange reviews.

How does the NYSE American delisting process affect JM Group (JMG) shareholders?

If delisting proceeds, JM Group shares would no longer trade on NYSE American, impacting liquidity and visibility. According to the company, management is assessing a potential appeal and other options aimed at protecting the interests of public shareholders.

What does JM Group (JMG) say about its business operations amid the NYSE American delisting notice?

JM Group reports that its operations continue to grow and that key corporate aspects remain unchanged. According to the company, there has been no change in shareholder structure or control, and it remains focused on governance, compliance and transparency.