JMU Limited Announced Acquisition of Cryptocurrency Solutions Business

JMU Limited (the “Company” or “JMU“) (Nasdaq:¬†JMU) today announced that the Company has entered into definitive agreements regarding a private placement of¬†US$4 million¬†and an acquisition of cryptocurrency solutions business. Pursuant to a share purchase agreement, the Company will issue and sell 609,162,824 ordinary shares to a¬†New Yorkholding company wholly owned by Mr.¬†Haohan Xu, the largest shareholder and a director of the Company, for a cash consideration of¬†US$4 million. The Company has also entered into a...


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