Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United States
  4. Nyse
  5. MOGU Inc.
  6. News
  7. Summary
    MOGU   US6080121006

MOGU INC.

(MOGU)
  Report
Delayed Quote. Delayed Nyse - 01/24 04:10:00 pm
0.3193 USD   -7.31%
01/20Asian ADRs Move Higher in Thursday Trading
MT
01/14Asian ADRs Move Higher in Friday Trading
MT
01/13Asian ADRs Climb Higher in Thursday Trading
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

MOGU : Announces Receipt of NYSE Non-compliance Letter Regarding ADS Trading Price - Form 6-K

11/19/2021 | 04:14pm EST

MOGU Announces Receipt of NYSE Non-compliance Letter

Regarding ADS Trading Price

HANGZHOU, China, November 19, 2021 - MOGU Inc. ("MOGU" or the "Company") (NYSE: MOGU), a leading KOL-driven online fashion and lifestyle destination in China, today announced that it has received a letter from the New York Stock Exchange (the "NYSE") dated November 10, 2021, notifying the Company that it is below the compliance criteria in connection with the performance of its trading price in relation to the Company's American depositary shares (the "ADSs").

Pursuant to NYSE Rule 802.01C, a company will consider to be below compliance criteria if the average closing price of a security as reported on the consolidated tape is less than US$1.00 over a consecutive 30 trading-day period. Once notified, the company must bring its share price and average share price back above US$1.00 by six months following receipt of the notification. The company can regain compliance at any time during the six-month cure period if on the last trading day of any calendar month during the cure period the company has a closing share price of at least US$1.00 and an average closing share price of at least US$1.00 over the 30 trading-day period ending on the last trading day of that month. In the event that at the expiration of the six-month cure period, both a US$1.00 closing share price on the last trading day of the cure period and a US$1.00 average closing share price over the 30 trading-day period ending on the last trading day of the cure period are not attained, the NYSE will commence suspension and delisting procedures.

To address this issue, the Company intends to continuously monitor the market conditions of its ADSs and is in the process of implementing various measures to improve its financial position and results of operations, which the Company expects to countervail the short-term adverse effects on its trading price and cure the deficiency in due time.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will", "expects", "anticipates", "aims", "future", "intends", "plans", "believes", "estimates", "confident", "potential", "continue" or other similar expressions. Among other things, the business outlook and quotations from management in this announcement, as well as MOGU's strategic and operational plans, contain forward-looking statements. MOGU may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about MOGU's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: MOGU's growth strategies; the risk that COVID-19 or other health risks in China or globally could adversely affect its operations or financial results; its future business development, results of operations and financial condition; its ability to understand buyer needs and provide products and services to attract and retain buyers; its ability to maintain and enhance the recognition and reputation of its brand; its ability to rely on merchants and third-party logistics service providers to provide delivery services to buyers; its ability to maintain and improve quality control policies and measures; its ability to establish and maintain relationships with merchants; trends and competition in China's e-commerce market; changes in its revenues and certain cost or expense items; the expected growth of China's e-commerce market; PRC governmental policies and regulations relating to MOGU's industry, and general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in MOGU's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and MOGU undertakes no obligation to update any forward-looking statement, except as required under the applicable law.

About MOGU Inc.

MOGU Inc. (NYSE: MOGU) is a leading KOL-driven online fashion and lifestyle destination in China. MOGU provides people with a more accessible and enjoyable shopping experience for everyday fashion, particularly as they increasingly live their lives online. By connecting merchants, KOLs and users together, MOGU's platform serves as a valuable marketing channel for merchants, a powerful incubator for KOLs, and a vibrant and dynamic community for people to discover and share the latest fashion trends with others, where users can enjoy a truly comprehensive online shopping experience.

For investor and media inquiries, please contact:

MOGU Inc.

Ms. Qi Feng

Phone: +86-571-8530-8201

Email: ir@mogu.com

Christensen

In China

Mr. Eric Yuan

Phone: +86-10-5900-1548

E-mail: eyuan@christensenir.com

In the United States

Ms. Linda Bergkamp

Phone: +1-480-614-3004

Email: lbergkamp@christensenir.com

Disclaimer

Mogu Inc. published this content on 19 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 November 2021 21:13:16 UTC.


ę Publicnow 2021
All news about MOGU INC.
01/20Asian ADRs Move Higher in Thursday Trading
MT
01/14Asian ADRs Move Higher in Friday Trading
MT
01/13Asian ADRs Climb Higher in Thursday Trading
MT
01/06Asian ADRs Slightly Higher Thursday
MT
2021Asian ADRs Move Sharply Higher in Thursday Trading
MT
2021Asian ADRs Move Lower in Wednesday Trading
MT
2021MOGU : Announces Unaudited Financial Results for the Six Months Ended September 30, 2021 -..
PU
2021- MOGU Announces Unaudited Financial Results for the Six Months Ended September 30, 202..
BU
2021MOGU Inc. Reports Earnings Results for the Half Year Ended September 30, 2021
CI
2021Ping An-backed Fashion Retailer Mogu to Lay Off 30% of Staff on Pandemic Hit
MT
More news
Analyst Recommendations on MOGU INC.
More recommendations
Financials
Sales 2021 482 M 76,2 M 76,2 M
Net income 2021 -328 M -51,8 M -51,8 M
Net cash 2021 805 M 127 M 127 M
P/E ratio 2021 -4,08x
Yield 2021 -
Capitalization 204 M 32,2 M 32,2 M
EV / Sales 2020 -0,28x
EV / Sales 2021 1,18x
Nbr of Employees 605
Free-Float -
Chart MOGU INC.
Duration : Period :
MOGU Inc. Technical Analysis Chart | MOGU | US6080121006 | MarketScreener
Technical analysis trends MOGU INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Last Close Price 0,32 
Average target price
Spread / Average Target -
Managers and Directors
Qi Chen Chairman & Chief Executive Officer
Xu Qiang Yue Chief Operating Officer & Director
Andrew Hong Teoh Independent Director
Sheng Wen Rong Independent Director
Yi Bo Wei Director
Sector and Competitors
1st jan.Capi. (M$)
MOGU INC.-15.97%35
ALIBABA GROUP HOLDING LIMITED3.74%334 066
MEITUAN3.28%187 558
SHOPIFY INC.-35.96%110 795
PINDUODUO INC.7.05%78 218
MERCADOLIBRE, INC.-21.94%53 111