Ucommune International Ltd (OQ:UK)
Business Focus: N/A
Dec 15, 2023 05:30 am ET
Ucommune Regains Compliance with Nasdaq Minimum Bid Price Requirement
BEIJING, Dec. 15, 2023 /PRNewswire/ -- Ucommune International Ltd (NASDAQ: UK) ("Ucommune" or the "Company"), an office space manager and provider in China, today announced that it received a notification letter (the "Notification Letter on Compliance") from the Listing Qualifications Department of The Nasdaq Stock Market ("Nasdaq") on December 14, 2023, indicating that the Company has regained compliance with the minimum bid price requirement set forth in Rule 5550(a)(2) of the Nasdaq Listing Rules.
Dec 14, 2023 05:30 am ET
Joining Hands Towards a Shared Future----Signing Ceremony of Strategic Cooperation Between Ucommune and New World Development (Wuhan) Limited & Forum on Optimizing Building Economy and Collaborating f
BEIJING, Dec. 14, 2023 /PRNewswire/ -- Ucommune International Ltd (NASDAQ: UK) ("Ucommune" or the "Company"), an office space manager and provider in China, today announced that the signing ceremony of strategic cooperation between Ucommune and New World Development (Wuhan) Limited, the opening ceremony of New World International Trade • Ucommune II ("New World II") and the Forum on Optimizing Building Economy and Collaborating for Breakthrough Development were successfully held at Wuhan New World International Trade Center on December 13, 2023. The event was jointly organized by Ucommune an
Nov 29, 2023 08:00 am ET
Ucommune Announces Extraordinary General Meeting Results and Share Consolidation
BEIJING, Nov. 29, 2023 /PRNewswire/ -- Ucommune International Ltd (NASDAQ: UK) ("Ucommune" or the "Company"), a leading co-working office space manager and provider in China, today announced that at an extraordinary general meeting of the Company held at 10 A.M. on November 29, 2023, Beijing time (9 P.M. on November 28, 2023, U.S. Eastern time) (the "Meeting"), its shareholders approved:
Oct 24, 2023 07:30 am ET
Ucommune and Plateno Hotel: A Powerhouse Partnership Set to Transform the Hotel and Co-working Space
BEIJING, Oct. 24, 2023 /PRNewswire/ -- Ucommune International Ltd (NASDAQ: UK) ("Ucommune" or the "Company"), a leading co-working office space manager and provider in China, today announced that it entered into a strategic cooperation agreement with Plateno Hotel Management (Shenzhen) Co., Ltd. ("Plateno Hotel"), a leading travel and hospitality conglomerate in China, on October 19, 2023, to unveil a latest business model that combines hotels and co-working spaces. Both parties will leverage their brand names, industry resources and industrial advantages to explore the diversified usage and
Oct 13, 2023 05:00 pm ET
Ucommune Announces Extraordinary General Meeting
BEIJING, Oct. 13, 2023 /PRNewswire/ -- Ucommune International Ltd (NASDAQ: UK) ("Ucommune" or the "Company"), a leading agile office space manager and provider in China, today announced that an extraordinary general meeting of the Company (the "Meeting") will be held at 10 A.M. on November 29, 2023, Beijing time (9 P.M. on November 28, 2023, U.S. Eastern time) at Floor B1, No.2 Guanghua Road, Chaoyang District, Beijing, China. The Company has established the close of business on October 20, 2023, Eastern time (the "Record Date"), as the record date for determining shareholders entitled to no
Jul 24, 2023 04:00 pm ET
Ucommune Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency
BEIJING, July 24, 2023 /PRNewswire/ -- Ucommune International Ltd (NASDAQ: UK) ("Ucommune" or the "Company"), a leading agile office space manager and provider in China, today announced that it received written notification (the "Notification Letter") from the Nasdaq Stock Market LLC ("Nasdaq") on July 21, 2023, that the Company is not in compliance with the minimum bid price requirement set forth in Nasdaq Rules for continued listing on Nasdaq.
Jan 03, 2023 05:30 am ET
Ucommune Launches "Up to U" Digital Apartment Management Platform
Utilizing digital technology to open a new door for apartment industry
Oct 26, 2022 07:00 am ET
Ucommune Delivers Customized Office Space with All-In-One Solution
Accelerating the large-scale conglomerates to achieve strategic business layout among the domestic and international markets
Oct 11, 2022 07:00 am ET
Ucommune and Zhuhai Gree Real Estate Co., Ltd. Enter into an Agreement to Create a Benchmark Coworking Space in Greater Bay Area, China
BEIJING, Oct. 11, 2022 /PRNewswire/ -- Ucommune International Ltd (NASDAQ: UK) ("Ucommune" or the "Company"), a leading agile office space manager and provider in China, signed a cooperation agreement with Zhuhai Gree Real Estate Co., Ltd., a subsidiary of Zhuhai Gree Group for a coworking project named "Gechuang Zhixing Ucommune" (the "Project"), located on the 11th floor of Yuhai World Financial Center in Zhuhai, China. By repositioning, designing and upgrading the space, Ucommune and Zhuhai Gree Real Estate Co., Ltd. will leverage their strategic advantages and resources to jointly create
Oct 04, 2022 07:00 am ET
Ucommune Completes Digital Operation Management Across All Its Managed Locations Using SaaS
BEIJING, Oct. 4, 2022 /PRNewswire/ -- Ucommune International Ltd (NASDAQ: UK) ("Ucommune" or the "Company"), a leading agile office space manager and provider in China, has achieved comprehensive digital operation management by the end of the third quarter of 2022 through its in-house developed SaaS management platform for office buildings and industrial parks (the "Platform"). Ucommune has continued to deepen its development in the field of digital technology, with its business coverage expanded on the basis of co-working space, achieving diversified service goals.
Aug 24, 2022 06:00 am ET
Ucommune Announces Extraordinary General Meeting Results
BEIJING, Aug. 24, 2022 /PRNewswire/ -- Ucommune International Ltd (NASDAQ: UK) ("Ucommune" or the "Company"), a leading agile office space manager and provider in China, today announced that at an extraordinary general meeting of the Company held at 10 A.M. on August 24, 2022, Beijing time (10 P.M. on August 23, 2022, U.S. Eastern time), its shareholders approved the amendment of the Company's Amended and Restated Memorandum and Articles of Association currently in effect (the "Current M&A") to change the voting power of the Class B ordinary shares, par value of US$0.002 each, of the Com
Aug 19, 2022 06:00 am ET
Ucommune Announces Adjournment of Extraordinary General Meeting
BEIJING, Aug. 19, 2022 /PRNewswire/ -- Ucommune International Ltd (NASDAQ: UK) ("Ucommune" or the "Company"), a leading agile office space manager and provider in China, today announced that at the extraordinary general meeting of the Company (the "Initial Meeting") held at 10 A.M. on August 19, 2022, Beijing time (10 P.M. on August 18, 2022, U.S. Eastern time), its shareholders approved the adjournment of the Initial Meeting to 10 A.M. on August 24, 2022, Beijing time (10 P.M. on August 23, 2022, U.S. Eastern time) ("Adjourned Meeting"), to be held in the same office at Floor 8, No.2 Guang
Aug 02, 2022 06:00 am ET
Ucommune Announces Extraordinary General Meeting
BEIJING, Aug. 2, 2022 /PRNewswire/ -- Ucommune International Ltd (NASDAQ: UK) ("Ucommune" or the "Company"), a leading agile office space manager and provider in China, today announced an extraordinary general meeting of the Company (the "Meeting") will be held at 10 A.M. on August 19, 2022, Beijing time (10 P.M. on August 18, 2022, U.S. Eastern time) at Floor 8, No.2 Guanghua Road, Chaoyang District, Beijing, China. The purpose of the Meeting is to amend the Company's Amended and Restated Memorandum and Articles of Association currently in effect (the "Current M&A") to change the voting
Jun 02, 2022 07:00 am ET
Ucommune Announces Development of a 47,600-Square-meter Urban Business Complex in Hebei
BEIJING, June 2, 2022 /PRNewswire/ -- Ucommune International Ltd. (NASDAQ: UK) ("Ucommune" or the "Company"), a leading agile office space manager and provider in China, today announced that on May 23, 2022, the Company partnered with Langfang Rongshang Business Management Co., Ltd ("Rongshang") to develop a new office space project (the "Project") in Langfang, Hebei. The Project is Langfang's first-ever office space with 5G network coverage, offering integrated solutions for urban residents to study, work, socialize, and relax. Completion of the Project adds 692 office desks to the Company
May 10, 2022 05:40 pm ET
Ucommune International Ltd. Files 2021 Annual Report on Form 20-F
BEIJING, May 10, 2022 /PRNewswire/ -- Ucommune International Ltd. (NASDAQ: UK) ("Ucommune" or the "Company"), a leading agile office space manager and provider in China, today announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2021 with the Securities and Exchange Commission (the "SEC") on May 10, 2022. The annual report on Form 20-F can be accessed on the SEC's website at http://www.sec.gov and on the Company's investor relations website at https://ir.ucommune.com/.
May 10, 2022 04:15 pm ET
Ucommune International Ltd. Announces Unaudited Fourth Quarter and Full Year 2021 Financial Results
BEIJING, May 10, 2022 /PRNewswire/ -- Ucommune International Ltd. (NASDAQ: UK) ("Ucommune" or the "Company"), a leading agile office space manager and provider in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2021.
Apr 21, 2022 06:00 am ET
Mar 15, 2022 06:00 am ET
Ucommune Announces Extraordinary General Meeting and Share Consolidation
BEIJING, March 15, 2022 /PRNewswire/ -- Ucommune International Ltd. (NASDAQ: UK) ("Ucommune" or the "Company"), a leading agile office space manager and provider in China, today announced an extraordinary general meeting of the Company (the "Meeting") will be held at 10 A.M. on April 21, 2022, Beijing time (10 P.M. on April 20, 2022, U.S. Eastern time) at Floor 8, No.2 Guanghua Road, Chaoyang District, Beijing, China. The purpose of the meeting is to effect a share consolidation of 20 ordinary shares with a par value of US$0.0001 each in the Company's issued and unissued share capital into o
Feb 11, 2022 05:30 am ET
Ucommune Announces Development of an Asset-light Digital Park Project in Shenfu, Liaoning
BEIJING, Feb. 11, 2022 /PRNewswire/ -- Ucommune International Ltd. (NASDAQ: UK) ("Ucommune" or the "Company"), a leading agile office space manager and provider in China, today announced that the Company has entered into an agreement (the "Agreement") with Xincheng Enterprise Management Co., Ltd. ("Xincheng") to jointly develop the Shenfu-Ucommune Digital Economy Industrial Park project (the "Project") under the Company's asset-light business model. According to the Agreement, the formal cooperation between Ucommune and Xincheng commenced on January 1, 2022 and will last until December 31, 2
Feb 03, 2022 05:30 am ET
Ucommune Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency
BEIJING, Feb. 3, 2022 /PRNewswire/ -- Ucommune International Ltd. (NASDAQ: UK) ("Ucommune" or the "Company"), a leading agile office space manager and provider in China, today announced that the Company received written notification (the "Notification Letter") from the Nasdaq Stock Market LLC ("Nasdaq") on January 24, 2022, that the Company is not in compliance with the minimum bid price requirement set forth in Nasdaq Rules for continued listing on Nasdaq.
Jan 14, 2022 05:30 am ET
Ucommune Announces Development of an Asset-light Digital Park Project in Nanchang, Jiangxi
BEIJING, Jan. 14, 2022 /PRNewswire/ -- Ucommune International Ltd. (NASDAQ: UK) ("Ucommune" or the "Company"), a leading agile office space manager and provider in China, today announced that the Company has signed an agreement ("the Agreement") with Nanchang Qinghu Industrial Park Management Company to jointly develop the Nanchang Honggutan-Ucommune project (the "Project"). The Project is located in Nanchang, Jiangxi and has a managed area of 56,990 square meters. According to the Agreement, the formal cooperation between Ucommune and Nanchang Qinghu Industrial Park Management Company comme
Dec 28, 2021 05:30 am ET
Ucommune Signs Cooperation Agreement to Develop a 41,599-Square-meter Asset-light Project in Hebei
BEIJING, Dec. 28, 2021 /PRNewswire/ -- Ucommune International Ltd. (NASDAQ: UK) ("Ucommune" or the "Company"), a leading agile office space manager and provider in China, today announced that the Company has entered into a cooperation agreement (the "Agreement") with Sanhe Metro Land Zhiyuan Real Estate Company Limited, a subsidiary of real estate company Metro Land Corporate Ltd. (Shanghai Stock Exchange code: 600683) to jointly develop the "Zhuojun-Ucommune" project (the "Project") in Hebei, China.
Dec 07, 2021 05:30 am ET
Ucommune Announces Development of a 30,688-Square-meter Asset-light Project in Datong as Part of Its City Partner Program
BEIJING, Dec. 7, 2021 /PRNewswire/ -- Ucommune International Ltd. (NASDAQ: UK) ("Ucommune" or the "Company"), a leading agile office space manager and provider in China, today announced that the Company will develop another asset-light co-working project. The project is located in Datong, Shanxi Province and will have 1,500 workstations in a managed area of 30,688 square meters.
Nov 26, 2021 05:30 am ET
Ucommune International Ltd. Announces Unaudited Third Quarter 2021 Financial Results
BEIJING, Nov. 26, 2021 /PRNewswire/ -- Ucommune International Ltd. (NASDAQ: UK) ("Ucommune" or the "Company"), a leading agile office space manager and provider in China, today announced its unaudited financial results for the third quarter ended September 30, 2021.
Nov 03, 2021 11:54 am ET
Upward Revaluation Rationalized By Superior Asset-Light Coworking Space Management Model
NEW YORK, Nov. 3, 2021 /PRNewswire/ -- Ucommune (Nasdaq: UK) is an asset-light operator that focuses on providing operation custody, operation management and output services for other asset owners, where the proportion of projects managed under the light-asset model is expected to reach 75% by 2022 from ~50% in 2020. Specifically, Ucommune's asset-light business contracted 154 venues in 52 cities, with a management area of approximately 439,000 square meters as of June 30, 2021, increased by respective 141%, 63% and 98% year-over-year from a year ago.
Oct 18, 2021 07:00 am ET
Ucommune to Join Hands with Hexa Group to Develop "Hexa Space-Ucommune" Project
BEIJING, Oct. 18, 2021 /PRNewswire/ -- Ucommune International Ltd. (NASDAQ: UK) ("Ucommune" or the "Company"), a leading agile office space manager and provider in China, today announced that the Company has entered into a five-year cooperation agreement (the "Agreement") with Australian property developer Hexa Group to jointly develop the "Hexa Space-Ucommune" co-working project located in Melbourne, Australia.
Sep 27, 2021 07:00 am ET
Ucommune to Acquire 60% Equity Stake in Beijing Kuanneng to Expand into Consumer Services Industry
BEIJING, Sept. 27, 2021 /PRNewswire/ -- Ucommune International Ltd. (NASDAQ: UK) ("Ucommune" or the "Company"), a leading agile office space manager and provider in China, today announced that its wholly owned subsidiary, Beijing Zerone Management & Consulting Company Ltd., an office space management services provider in China, entered into an agreement to acquire a 60% equity interest in Beijing Kuanneng Technology Co., Ltd. ("Beijing Kuanneng") on September 1, 2021. Ucommune started to consolidate the financial statements of Beijing Kuanneng into its financial statements on the same da
Sep 17, 2021 07:00 am ET
Ucommune Announces Key Contract With Besunyen at Landmark Asset-Light Project in Beijing Asia Finance Center
BEIJING, Sept. 17, 2021 /PRNewswire/ -- Ucommune International Ltd. (NASDAQ: UK) ("Ucommune" or the "Company"), a leading agile office space manager and provider in China, today announced that Besunyen Holdings Company Limited ("Besunyen"), an investment company engaged in the manufacture and sale of therapeutic tea products, signed an agreement (the "Agreement") for space at the Company's landmark asset-light project in the Beijing Asia Finance Center (the "Project"). As part of the Agreement, Besunyen will occupy 3,047.6 square meters at the Project for a total of 327 workstations from Jul
Aug 12, 2021 04:17 pm ET
Ucommune International Ltd. (NASDAQ: UK) Strong REIT Asset Management Capability Central to Future Growth
NEW YORK, Aug. 12, 2021 /PRNewswire/ -- According to Ucommune's press release on Aug. 12, 2021, CBRE Consulting China ("CBRE Consulting") recently released a report titled "Ucommune Rental Evaluation and Joint Consultancy Services". This report conducted in-depth analyses on both financial and operational performances of the Company's asset-light business model, across metrics including ROI, occupancy rate, and rental pricing.
Aug 12, 2021 07:30 am ET
Ucommune Jointly Releases Report on ROI Assessment of Its Asset-Light Model With CBRE Consulting China
BEIJING, Aug. 12, 2021 /PRNewswire/ -- Ucommune International Ltd. (NASDAQ: UK) ("Ucommune" or the "Company"), a leading agile office space manager and provider in China, today announced that it has released a report in partnership with CBRE Consulting China ("CBRE Consulting") titled "Ucommune Rental Evaluation and Joint Consultancy Services Report" (the "Report")[1]. The Report assesses financial and operational metrics of Ucommune's asset-light business model, including return on investment ("ROI"), occupancy rates, and rental pricing. Based on the findings, the Report concludes that Ucom
Aug 06, 2021 07:30 am ET
Ucommune International Ltd. Announces Unaudited Second Quarter 2021 Financial Results
BEIJING, Aug. 6, 2021 /PRNewswire/ -- Ucommune International Ltd. (NASDAQ: UK) ("Ucommune" or the "Company"), a leading agile office space manager and provider in China, today announced its unaudited financial results for the second quarter ended June 30, 2021.
Jul 30, 2021 07:30 am ET
Ucommune Signs Cooperation Agreement for Asset-light Project at Beijing Asia Financial Center
BEIJING, July 30, 2021 /PRNewswire/ -- Ucommune International Ltd. (NASDAQ: UK) ("Ucommune" or the "Company"), a leading agile office space manager and provider in China, today announced that it has signed a cooperation agreement with Beijing Investment Group Co., LTD ("Beijing Investment Group"), a wholly state-owned land developer affiliated to Beijing government, to develop an asset-light project (the "Project") at the Beijing Asia Financial Center, an upscale and well-known office building in the Chaoyang District of Beijing.
Jul 02, 2021 07:30 am ET
Ucommune's Shenyang Project Achieves 98.22% Occupancy Rate in Less Than 9 Months via Asset-Light Model
BEIJING, July 2, 2021 /PRNewswire/ -- Ucommune International Ltd. (NASDAQ: UK) ("Ucommune" or the "Company"), a leading agile office space manager and provider in China, today announced that its managed service project at Shenyang Tongfang Building under the asset-light model (the "Project") achieved a 98.22% occupancy rate as of June 30, 2021, in less than nine months since its inception. The Project is located in Shenyang, the largest city in Northeast China, and has approximately 1,940 square meters and 394 seats. This strong performance once again demonstrates the Company's ability to he
Jun 25, 2021 07:30 am ET
Ucommune's Changchun Water Cultural Park Project Achieves 99.38% Occupancy Rate
BEIJING, June 25, 2021 /PRNewswire/ -- Ucommune International Ltd. (NASDAQ: UK) ("Ucommune" or the "Company"), a leading agile office space manager and provider in China, today announced that its Changchun Water Cultural Park Project (the "Project") achieved a 99.38% occupancy rate as of June, 2021. The project is located at the Changchun Culture of Water Ecology Park, which was constructed on the industrial heritage site of the Changchun Water Treatment Plant. The park was nominated for the "Best Urban Regeneration Project" award at the 2019 MIPIM Awards, an internationally-renowned real es
Jun 21, 2021 07:00 am ET
Ucommune Announces Executive and Board Member Changes
BEIJING, June 21, 2021 /PRNewswire/ -- Ucommune International Ltd. (NASDAQ: UK) ("Ucommune" or the "Company"), a leading agile office space manager and provider in China, today announced executive and board member changes, effective immediately as follows.
Jun 18, 2021 07:30 am ET
Ucommune's Nanjing Project Achieves 97.39% Occupancy Rate in Just 6 Months
BEIJING, June 18, 2021 /PRNewswire/ -- Ucommune International Ltd. (NASDAQ: UK) ("Ucommune" or the "Company"), a leading agile office space manager and provider in China, today announced that its Nanjing Nuofen Magic Cube asset-light project (the "Project") achieved a 97.39% occupancy rate as of May 31, 2021, improving significantly from the Project's inception on November 26, 2020. The Project has approximately 4,252 square meters of office space and 690 seats and is located in Nanjing's Xinjiekou area, the city's geographic, commercial, and cultural center. This strong performance further
Jun 11, 2021 07:30 am ET
Ucommune Cooperates with Juli Xinfang to Expand Presence in Southern China Business Hub
BEIJING, June 11, 2021 /PRNewswire/ -- Ucommune International Ltd. (NASDAQ: UK) ("Ucommune" or the "Company"), a leading agile office space manager and provider in China, today announced another step forward in its partnership with Juli Xinfang, a Chinese e-commerce platform focused on the new house trading market and secondary property market. Ucommune began its in-depth and long-term cooperation with Juli Xinfang in 2017. Juli Xinfang has established offices in many of the Company's community projects across multiple cities in China, including Chengdu, Wuhan, Shijiazhuang, Kunming, Chongqi
Feb 03, 2021 06:00 am ET
Ucommune Announces Closing of $20.0 Million Underwritten Public Offering
BEIJING, Feb. 2, 2021 /PRNewswire/ -- Ucommune International Ltd (NASDAQ: UK) ("Ucommune" or the "Company"), a leading agile office space manager and provider in China, today announced the closing of its previously announced underwritten public offering of 4,938,271 Class A ordinary shares (the "Ordinary Shares") and warrants (the "Firm Warrants") to purchase 4,938,271 Ordinary Shares at a combined offering price of US$4.05 for one Ordinary Share and one Firm Warrant to purchase one Ordinary Share (the "Base Offering"). The Ordinary Shares and the Firm Warrants were issued and sold to inves
Jan 28, 2021 08:00 pm ET
Ucommune Announces Pricing of US$20 Million Underwritten Offering
BEIJING, Jan. 28, 2021 /PRNewswire/ -- Ucommune International Ltd. (NASDAQ: UK) ("Ucommune" or the "Company"), a leading agile office space manager and provider in China, today announced the pricing of an underwritten offering of 4,938,271 Class A ordinary shares (the "Ordinary Shares") and warrants (the "Warrants") to purchase 4,938,271 Class A ordinary shares at a combined offering price of US$4.05 for one Ordinary Share and one Warrant to purchase one Ordinary Share. The Ordinary Shares and the Warrants will be issued and sold to investors in a combination of one Ordinary Share and one Wa
Jan 25, 2021 06:30 am ET
Ucommune International Ltd. Announces Additional Investment in SaaS Services and IOT Solutions Subsidiary Xiyu Information
BEIJING, Jan. 25, 2021 /PRNewswire/ -- Ucommune International Ltd. (NASDAQ: UK) ("Ucommune" or the "Company"), a leading agile office space manager and provider in China, today announced an additional investment in Beijing Xiyu Information Technology Co., Ltd. ("Xiyu Information"), a subsidiary of the Company and provider of SaaS services and IOT solutions, increasing its ownership in Xiyu Information from 51.0% to 53.2%. The Company decided to increase its investment in Xiyu Information to meet the growing market demand for SaaS services and IOT solutions in China.
Dec 23, 2020 03:30 pm ET
Ucommune International Ltd. Reports First Nine Months of 2020 Unaudited Financial Results of Ucommune Group Holdings Limited
BEIJING, Dec. 23, 2020 /PRNewswire/ -- Ucommune International Ltd. (NASDAQ: UK) ("Ucommune International"), today announced the unaudited financial results of its acquired company, Ucommune Group Holdings Limited ("Ucommune Group" or the "Company"), a leading agile office space manager and provider in China, for the first nine months ended September 30, 2020. The information provided in this release solely represents the historical financial information of Ucommune Group prior to its closing of the business combination with Ucommune International on November 17, 2020.
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