Key Developments: NetDragon Websoft Inc (0777.HK)

0777.HK on Hong Kong Stock

13.00HKD
28 Nov 2014
Price Change (% chg)

HK$0.08 (+0.62%)
Prev Close
HK$12.92
Open
HK$12.94
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HK$13.08
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HK$12.94
Volume
294,000
Avg. Vol
806,284
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HK$19.20
52-wk Low
HK$11.48

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Latest Key Developments (Source: Significant Developments)

NetDragon Websoft Inc announces interim dividend
Friday, 22 Aug 2014 07:42am EDT 

NetDragon Websoft Inc:Directors have determined that an interim dividend of H$0.20 per share (2013: H$0.20 per share).Register date Sept. 08.  Full Article

NetDragon Websoft Inc recommends final dividend
Thursday, 27 Mar 2014 06:40am EDT 

NetDragon Websoft Inc:Recommended payment of a final dividend of HK$0.20 per share for the year ended Dec. 31, 2013 (year ended Dec. 31, 2012: HK$0.20 per share).Proposed dividends, will be paid on or before June 13, to shareholders whose names appear on the register of members on May 30.  Full Article

NetDragon Websoft Inc announces establishment of a wholly Foreign Owned Enterprise and related cooperation with Foxteq Holdings Inc. and Vision Knight Capital (china) Fund I, L.P
Friday, 24 Jan 2014 05:00am EST 

NetDragon Websoft Inc:Says on Jan. 24 NetDragon BVI, entered into an agreement with Foxteq and Vision Knight Capital.Says pursuant to which the parties agree to collaborate in the exploration and business operation in the online education and related application market through the establishment of the WFOE, Fujian 101 and the Structure Contracts arrangement (Agreement).Says it is agreed that the WFOE shall be established as a limited liability company in accordance with the Company Law of the PRC and such other applicable laws.Says it is also agreed that Fujian 101 shall be established as a limited liability company in the PRC in accordance with the company Law of the PRC and such other applicable laws.Says the parties agree to collaborate in the Cooperation and in furtherance of the objective, Fujian 101 and the WFOE shall enter into a series of Structure Contracts in accordance with the prevailing laws and regulations in the PRC.  Full Article

NetDragon Websoft Inc does not recommend interim dividend
Thursday, 28 Nov 2013 04:47am EST 

NetDragon Websoft Inc:Says do not recommend the payment of an interim dividend for the three months ended Sep. 30 (three months ended Sep. 30,2012: Nil).  Full Article

Hon Hai Precision Ind. Co Ltd's Subsidiary to Establish Joint Venture with NetDragon Websoft Inc and Vision Knight Capital (China) Fund I, L.P.
Wednesday, 30 Oct 2013 05:57am EDT 

Hon Hai Precision Ind. Co Ltd announced that its subsidiary, Foxteq Holdings Inc., will establish a joint venture in China, with NetDragon Websoft Inc and Vision Knight Capital (China) Fund I, L.P. Foxteq Holdings, NetDragon Websoft Inc and Vision Knight Capital (China) Fund I, L.P. will hold 45%, 49% and 6% stakes in the joint venture, respectively. The joint venture will be engaged in development and operation of online education application.  Full Article

NetDragon Websoft Inc Announces Payment Of Special Dividend
Friday, 11 Oct 2013 12:02am EDT 

NetDragon Websoft Inc announced that the Special Dividend has been determined and adjusted to be HKD7.77 per share of the Company. The Special Dividend will be paid on or about November 6, 2013, to the shareholders of the Company whose names appear on the register of members of the Company at the close of business on October 29, 2013.  Full Article

NetDragon Websoft Inc Declares Interim Dividend
Friday, 23 Aug 2013 05:37am EDT 

NetDragon Websoft Inc announced that the Board has resolved to declare an interim dividend of HKD0.20 per share on September 19, 2013 for the six months ended June 30, 2013, which will be paid to shareholders whose names appeared in the Company registry on September 9 , 2013. In addition, based on the Announcement on August 16, the Directors of NetDragon intend to use 50% of the net proceeds from the merger between 91 Wireless and Baidu as a special dividend to the Shareholders.  Full Article

Baidu Inc's Subsidiary Signs Definitive Agreement To Acquire NetDragon's Subsidiary 91 Wireless
Wednesday, 14 Aug 2013 04:30am EDT 

Baidu Inc announced that its wholly-owned subsidiary Baidu (Hong Kong) Limited has signed a definitive merger agreement to acquire a 100% equity interest in 91 Wireless Websoft Limited from NetDragon Websoft Inc. and other shareholders. 91 Wireless is one of the mobile app marketplaces and mobile game operators in China. In the month of July 2013, Baidu and 91 Wireless users in China together downloaded a daily average of 69 million apps. The majority of these were downloaded directly from mobile devices. Pursuant to the Agreement, through a merger, Baidu will acquire 100% of 91 Wireless in cash. This includes the 57.4% stake owned by NetDragon, and the remaining shares from other shareholders. According to the memorandum of understanding dated July 15, 2013, the merger consideration amounts to a total of USD1.90 billion. Having taken into account the conditional declaration of a special dividend in the aggregate amount of approximately USD52.06 million by 91 Wireless to its existing shareholders, the consideration is adjusted to an aggregate amount of USD1.85 billion in the Agreement.  Full Article

Baidu Inc To Buy Mobile App Store For $1.9 Billion From NetDragon Websoft Inc-DJ
Monday, 15 Jul 2013 10:19pm EDT 

Dow Jones reported that Baidu Inc said it would buy one of China's mobile app stores for $1.9 billion as it ramps up to compete for business from China's growing population of smartphone-carrying consumers. Baidu Inc. said in a statement that it signed an agreement to buy 91 Wireless Websoft Ltd. from China's NetDragon Websoft Inc.  Full Article

NetDragon Websoft Inc Does Not Recommend Interim Dividend
Monday, 3 Jun 2013 06:16am EDT 

NetDragon Websoft Inc announced that the directors do not recommend the payment of an interim dividend during the three months ended March 31, 2013 (three months ended March 31, 2012: Nil).  Full Article

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