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The Company formerly known as Q&K International Group Limited has officially changed its name to FLJ Group Limited as of September 13, 2022. This change was approved during the 2022 annual general meeting held in Shanghai. The new trading ticker symbol FLJ is expected to be adopted on NASDAQ around September 26, 2022. FLJ Group Limited continues to operate as a technology-driven long-term apartment rental platform in China, focusing on affordable housing solutions and leveraging advanced mobile technologies to enhance operational efficiency.
Q&K International Group Limited (NASDAQ: QK) announced its 2022 annual general meeting set for September 13, 2022, at the Intercontinental Hotel Resorts Nantong, China. Key agenda items include reviewing the fiscal year 2021 financial report and considering a name change to FLJ Group Limited, pending regulatory approval. Only shareholders on record by August 4, 2022, may attend. More details are available on the company's website.
Q&K International Group Limited (NASDAQ: QK) announced amendments to its convertible note dated July 29, 2020, allowing holders to convert a total of US$64.73 million at a new conversion price set at 75% of the average ADS closing price as of May 13, 2022. This conversion resulted in the issuance of approximately 15.41 billion class A ordinary shares. Additionally, 8.62 billion shares were issued to a lender under a converted loan at the same conversion price, reducing the company’s financial obligations. This move aims to optimize Q&K's capital structure and alleviate financial burdens.
Q&K International Group Limited (NASDAQ: QK) has received a notification from Nasdaq regarding its non-compliance with the minimum Market Value of Publicly Held Shares (MVPHS). The notification dated May 9, 2022, states that Q&K's MVPHS fell below the required US$15 million for 30 consecutive business days. The company has a compliance period until November 7, 2022, to regain compliance. This notification does not impact trading at this time, and the company's operations remain unaffected.
On February 28, 2022, Q&K International Group Limited (NASDAQ: QK) announced several key management appointments. Mr. Chen Chen has joined the nominating and corporate governance committee, while Mr. Jiamin Chen has been promoted to director and Vice President. Mr. Zongquan Yang has also been appointed as a director. Mr. Chen, who has been with Q&K since July 2019, previously worked at China Construction Bank. Mr. Yang has been with the company since May 2017, with prior experience at Yonyou Software Co. Additionally, Mr. Lin Lin resigned as director effective March 1, 2022, for personal reasons.
Q&K International Group Limited (NASDAQ: QK), a leading technology-driven long-term apartment rental platform in China, announced a change in its American depositary shares (ADS) ratio. The new ratio will be one ADS for every 150 Class A ordinary shares, effective March 7, 2022. This change is equivalent to a one-for-five reverse ADS split. No action is required from ADS holders, and fractional entitlements will be aggregated and sold. Although the ADS price is expected to rise proportionally, there's no guarantee it will be at least five times the previous price.
Q&K International Group Limited (NASDAQ: QK) announced filing its annual report on Form 20-F with the SEC for the fiscal year ended September 30, 2021. The comprehensive report includes audited consolidated financial statements and is accessible via the company's investor relations website. The company emphasizes its role as a leading technology-driven long-term apartment rental platform in China, catering to urban residents with affordable housing solutions and value-added services.
On October 26, 2021, Q&K International Group Limited (NASDAQ: QK) announced the sale of its equity interest in Shanghai Qingke Investment Consulting Co., Ltd. to a related party, Wangxiancai Limited. This strategic move allows Q&K to concentrate on higher-quality rental apartment operations, eliminating reliance on a variable interest entity. CEO Chengcai Qu stated that this transition will optimize resources and enhance focus in the long-term apartment sector, reinforcing the company's commitment to technology-driven rental services in China.
QK International Group Limited (NASDAQ: QK) announced it received a notification from Nasdaq indicating it no longer meets the minimum bid price requirement. The Company’s American Depositary Shares (ADSs) have closed below $1.00 for 30 consecutive business days. QK has until March 28, 2022, to regain compliance by maintaining a bid price of at least $1.00 for 10 consecutive days. The Company plans to implement measures to achieve compliance during this 180-day period.
Q&K International Group Limited (NASDAQ: QK) has announced its 2021 annual general meeting, set for September 15, 2021, in Shanghai. The meeting will review the report of directors for the fiscal year ending September 30, 2020, which includes the audited financial statements. Shareholders of record on August 19, 2021, are entitled to notice of the meeting. QK is known for its technology-driven apartment rental platform in China, offering affordable housing and value-added services, leveraging advanced IT for operational efficiency.
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