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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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