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MYT

MYT US Stock
$4.56
Open: $4.55 High: $4.77 Low: $4.035 Close: $4.11
Range: 2021-03-02 - 2021-03-03
Volume: 1,046,295
Market: Extended-hours
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MYT
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MYT News
Latest news about the MYT
  • Urban Tea Appoints New COO and Independent Director to Drive Expansion in Blockchain and Cryptocurrency Mining Business

    Urban Tea Inc. (the "Company," "we" or "Urban Tea") (NASDAQ: MYT), a premier retailer of specialty teas and baked goods based in Hunan, China, announced today the appointment of Ms. Fengdan Zhou as Chief Operating Officer and Dr. Yunfei Song as an independent director, effective immediately. The new leadership will lead and support the Company's critical strategic expansion in blockchain and cryptocurrency mining.

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  • We're Hopeful That Urban Tea (NASDAQ:MYT) Will Use Its Cash Wisely

    There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...

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  • Urban Tea Subsidiary Achieves Earn-out Commitment and Urban Tea Expects 400% Increase in Total Revenues For Fiscal Year Ending 6/30/2021

    Urban Tea Inc. (the "Company," "we" or "Urban Tea") (NASDAQ: MYT), a premier retailer of specialty teas and baked goods based in Hunan, China, announced today that its 51% owned subsidiary, Hunan 39 Pu Tea Co., Ltd. ("39 Pu Tea"), has completed its financial performance commitment for the 12 months ended December 31, 2020.

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  • Urban Tea Announces Entry into Definitive Agreement to Acquire Two Companies

    Urban Tea Inc. (the "Company," "we" or "Urban Tea") (NASDAQ: MYT), a premier retailer of specialty teas and baked goods based in Hunan, China, announced today that its wholly-owned subsidiary Hunan Ming Yun Tang Brand Management Co., Ltd. ("Ming Yun Tang") has entered into an acquisition agreement (the "Agreement") to acquire 51% equity interests of two Chinese entities : Chuangyeying Brand Management Co., Ltd. ("CYY") and Store Master Food Trading Co., Ltd. ("Store Master").

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  • Urban Tea Plans to Open New Store in New York City

    Urban Tea Inc. (the "Company," "we" or "Urban Tea") (NASDAQ: MYT), a premier retailer of specialty teas and baked goods headquartered in Hunan, China, announced today that it has begun planning for the opening of a new store in New York City.

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  • Urban Tea Inc.'s Newly Acquired "CROP CIRCLE" Restaurant Reports a 25% Sales Growth in the Midst of the COVID-19 Pandemic

    Urban Tea Inc. (the "Company," "we" or "Urban Tea") (NASDAQ: MYT), a premier retailer of specialty teas and baked goods headquartered in Hunan, China, announced today that CROP CIRCLE, its casual street food restaurant in New York City, has witnessed a 25% monthly growth in sales from August 2020 to October 2020.

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  • Urban Tea Announces Entry into Share Purchase Agreement to Acquire 80% Equity Interests in Guokui Management Inc.

    Urban Tea Inc. (the "Company," "we" or "Urban Tea") (NASDAQ: MYT), a premier retailer of specialty teas and baked goods based in Hunan, China, announced today that it has entered into a share purchase agreement (the "Agreement"), pursuant to which the Company agreed to pay $400,000 in cash to acquire 80% of the equity interest in Guokui Management Inc. ("Guokui"). Guokui is incorporated under the laws of New York State and has been operating CROP CIRCLE, a casual street food restaurant in New York City, since August 2020. The Agreement also includes details of how the two parties may collaborate in the future.

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  • Urban Tea Regains Compliance with Nasdaq Minimum Bid Price Requirements for Continued Listing

    Urban Tea Inc. (the "Company," "we" or "Urban Tea") (NASDAQ: MYT), a premier retailer of specialty teas and baked goods headquartered in Hunan, China, is pleased to announce that it has regained compliance with Nasdaq's minimum bid price requirement.

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  • Urban Tea Announces Entering into Letter of Intent to Acquire 80% Equity Interests in Guokui Management Inc.

    Urban Tea Inc. (the "Company," "we" or "Urban Tea") (NASDAQ: MYT), a premier retailer of specialty teas and baked goods headquartered in Hunan, China, announced today that the Company has signed a non-binding Letter of Intent ("LOI") to acquire 80% of the equity interest of Guokui Management Inc. ("Guokui Management"), a company incorporated under the laws of New York State. Guokui Management's first restaurant, Crop Circle, is a casual restaurant opened in August 2020, located in Greenwich Village near Washington Square Park, New York City. The restaurant offers light Chinese meals and snacks such as dumplings and rice noodle rolls, and features its specialty—"guokui." Guokui is a flatbread baked in a clay oven with various choices of flavorful fillings such as shrimp, beef, pork, chicken, preserved vegetables and brown sugar, a popular street snack originating from northern China's Shanxi province.

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  • Urban Tea Announces Entry into Letter of Intent to Acquire Controlling Stake of A Brand Management Company and A Supply Chain Management Company

    Urban Tea Inc. (the "Company," "we" or "Urban Tea") (NASDAQ: MYT), a premier retailer of specialty teas and baked goods based in Hunan, China, announced today that the Company and its wholly-owned subsidiary Hunan Ming Yun Tang Brand Management Co., Ltd. ("Ming Yun Tang") entered into a non-binding letter of intent ("LOI") with Chuangyeying Brand Management Co., Ltd. ("CYY"), Store Master Food Trading Co., Ltd. ("Store Master") and the shareholders of CYY and Store Master.

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  • Urban Tea Announces Clarification of Effectiveness Date for 1 for 10 Reverse Share Split

    Urban Tea Inc. (the "Company," "we" or "Urban Tea") (NASDAQ: MYT), a premier retailer of specialty teas and baked goods based in Hunan, China, is issuing this press release to clarify its press release dated August 25, 2020. On August 25, 2020, the Company had announced that a 1 for 10 reverse split of its ordinary shares (the "Reverse Split") is expected to become effective on or around August 26, 2020. The Company would like to clarify that the Reverse Split is expected to become effective on August 27, 2020.

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  • Urban Tea Announces 1 for 10 Reverse Share Split

    Urban Tea Inc. (the "Company," "we" or "Urban Tea") (NASDAQ: MYT), a premier retailer of specialty teas and baked goods based in Hunan, China, today announced that a 1 for 10 reverse split of its ordinary shares was approved by the Company's board of directors on August 19, 2020 and is expected to become effective on or around August 26, 2020.

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  • Urban Tea, Inc. Announces Pricing of $6.0 Million Ordinary Share Registered Direct Offering

    Urban Tea, Inc. ("Urban Tea" or the "Company") (NASDAQ: MYT), a premier retailer of specialty teas and baked goods headquartered in Hunan, China, announced today that it has entered into a securities purchase agreement with certain accredited investors to sell $6.0 million of its ordinary shares in a registered direct offering.

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  • Urban Tea Announces Grand Opening of First Overseas Tea House in New York City on August 1, 2020

    Urban Tea Inc. (the "Company," "we" or "Urban Tea") (NASDAQ: MYT), a premier retailer of specialty teas and baked goods based in Hunan, China, today announced the date of the grand opening of MENO, a specialty tea and coffee house, in West Village near Washington Square Park in Manhattan, New York City. The grand opening will take place on Saturday August 1st, 2020. MENO's opening will mark the arrival of the Company's first overseas tea house, bringing New Yorkers a variety of specialty teas, coffees, juices, other drinks and light snacks/meals.

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  • Urban Tea, Inc. Announces Pricing of $5.0 Million Ordinary Share Registered Direct Offering

    Urban Tea, Inc. ("Urban Tea" or the "Company") (NASDAQ: MYT), a premier retailer of specialty teas and baked goods headquartered in Hunan, China, announced today that it has entered into a securities purchase agreement with certain accredited investors to sell approximately $5.0 million of its ordinary shares in a registered direct offering.

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  • Urban Tea Expects Opening of First Overseas Tea House in New York in the Summer

    Urban Tea Inc. (the "Company," "we" or "Urban Tea") (NASDAQ: MYT), a premier retailer of specialty teas and baked goods headquartered in Hunan, China, announced today that the Company has made significant progress in the renovation of its first overseas store in New York City. The store named "Meno" is expected to have a trial opening on July 15th, 2020, and a grand opening in August, assuming New York City will reopen as currently scheduled.

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  • Urban Tea Receives Regulatory Approval to Seek Franchisees for Business Expansion Throughout China

    Urban Tea Inc. (the "Company", "we" or "Urban Tea") (NASDAQ: MYT), a premier retailer of specialty teas and baked goods based in Hunan, China, today announced that we received the approval from the Commercial Franchise Enterprise Administration on May 20th, 2020 and was approved to seek franchisees for growth opportunities throughout China. Hunan Ming Yun Tang Brand Management Co., Ltd. ("Hunan MYT"), the Company's variable interest entity, has officially obtained the "Business Franchise Enterprise" license issued by the Hunan Provincial Department of Commerce. The license enables the Company to grow its business through franchising with its brand "Buoyance Manor," in addition to operating corporate stores within China.

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  • Urban Tea (NASDAQ:MYT) Is In A Good Position To Deliver On Growth Plans

    There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although...

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