Yunji Inc (YJ) has released an update.
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Yunji Inc., a prominent social e-commerce platform in China, has announced their approval to transfer their American Depositary Shares from the Nasdaq Global Market to the Nasdaq Capital Market, effective April 5, 2024. This strategic move comes after a warning from Nasdaq in October 2023 regarding non-compliance with minimum bid price requirements. Yunji is now granted an additional 180 days to meet the Nasdaq’s bid price condition, and the company is considering measures including a potential reverse stock split to regain compliance.
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