|Bid||1.8600 x 900|
|Ask||1.8700 x 900|
|Day's Range||1.7600 - 1.9700|
|52 Week Range||0.1900 - 6.6920|
|Beta (5Y Monthly)||1.12|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 28, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Urban Tea Inc. (the "Company", "we" or "Urban Tea") (NASDAQ: MYT), announces the establishment of a new wholly-owned subsidiary in China under the name of Hunan Bit Brother Holding Limited ("Hunan Bit Brother"). Hunan Bit Brother shall conduct the Company's planned business including but not limited to global cryptocurrency mine distribution, HashRate leasing, global cryptocurrency cross-regional payment and settlement system, cryptocurrency mining pool building and running, cryptocurrency deposit and loan, non-homogeneous tokens, and cryptocurrency exchange services. Hunan Bit Brother shall begin applying for the required licenses and certifications in different countries and regions. Taking advantage of the current market awareness, we believe that our planned business through Hunan Bit Brother will bring in revenue and growth for the Company and its shareholders.
Urban Tea Inc. (the "Company", "we" or "Urban Tea") (NASDAQ: MYT), announces acceptance of crypto-currency payment, including Bitcoin, Ethereum, and Dogecoin, in all of its stores managed by 39 Pu Tea Co. Ltd in China and all the restaurants managed by Guokui Management Inc. in the U.S starting from this week.
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 $25.0 million of its ordinary shares and warrants in a registered direct offering.