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The9 Ltd (NCTYy.F)

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Latest Key Developments (Source: Significant Developments)

The9 Limited signs definitive agreement regarding private placement
Thursday, 15 Jun 2017 07:00am EDT 

June 15 (Reuters) - The9 Ltd ::The9 limited signs definitive agreement regarding private placement.Has entered into a definitive agreement with IE Limited.Private placement of 12.5 million ordinary shares of company, each with par value US$0.01, to ie for a total consideration of US$15 million.Company expects that investment in Smartposting will create synergies between its business and Smartposting's business..  Full Article

The9 Limited entered into a definitive agreement with IE Limited
Thursday, 15 Jun 2017 07:00am EDT 

June 15 (Reuters) - The9 Ltd :The9 limited signs definitive agreement regarding private placement.The9 ltd - has entered into a definitive agreement with ie limited.The9 ltd - private placement of 12.5 million ordinary shares of company, each with par value us$0.01, to ie for a total consideration of us$15 million.The9 ltd- company expects that investment in smartposting will create synergies between its business and smartposting's business..  Full Article

The9 Ltd signs definitive agreements regarding private placements
Thursday, 8 Jun 2017 09:12am EDT 

June 8 (Reuters) - The9 Ltd :The9 Limited signs definitive agreements regarding private placements.The9 Limited- entered agreement for issuance of 25 million ordinary shares of co to Ark Pacific and Incsight for consideration of $30 million or $1.2 per share.  Full Article

The9 announces potential private placements
Monday, 10 Apr 2017 08:00am EDT 

The9 Ltd : The9 Ltd - entered term sheet for issuance and sale of a total of 25 million shares, with par value us$0.01 for of us$30 million, or US$1.2 per share . The9 Ltd - entered term sheet with IE Limited, and Ark Pacific Capital Management .The9 Ltd- expects that the transaction with Smartposting will create synergies between The9's business and Smartposting's business.  Full Article

Jun Zhu reports stake of 21.8 percent in The9 Ltd
Monday, 9 Jan 2017 06:22am EST 

The9 Ltd :Jun Zhu reports stake of 21.8 percent in The9 Ltd as of October 25, 2016 versus 34.9 percent stake as of November 2015.  Full Article

The9 Ltd signs definitive agreement regarding share exchange of Red 5
Thursday, 28 Apr 2016 06:00am EDT 

The9 Ltd:The9 signs definitive agreement regarding share exchange of red 5.Total consideration for transaction for all participating equity holders, including company, is approximately us$76.5 million.To exchange about 30.6% equity interest it owns in its subsidiary red 5 studios inc for 153.9 million newly issued shares of l&a.  Full Article

The9 Limited Announces Its Joint Venture Obtained an Exclusive License for Publishing and Operating Cross Fire 2 in China
Wednesday, 25 Nov 2015 08:00am EST 

The9 Ltd:Says Joint venture Oriental Shiny Star Limited has entered into a license agreement with Smilegate Entertainment, Inc., Korean game developer.for publishing and operating Cross Fire 2 on an exclusive basis for a five-year term in mainland China.In consideration for the exclusive license, JVC will make an upfront payment of US$50 million and additional payments totaling US$450 million based on certain development and operation milestones, as well as royalty payments based on future sales.Cross Fire 2 is the sequel of Cross Fire, a blockbuster first-person-shooter PC online game in China.  Full Article

The9 Ltd Signs definitive agreement regarding sale of senior secured convertible bonds and warrants
Wednesday, 25 Nov 2015 05:00am EST 

The9 Ltd :Signs definitive agreement regarding sale of senior secured convertible bonds and warrants.Says splendid days ltd to subscribe for 12% senior secured convertible bonds of company in an aggregate principal amount of $40.1 million.Says splendid days ltd to also subscribe for warrants in an aggregate principal amount of about $10 million.Says notes will bear interest at a rate of 12 percent per year, payable upon redemption; notes will be due in 2018.  Full Article

The9 Ltd Announces Potential Sale of Senior Secured Convertible Bonds and Warrants
Monday, 16 Nov 2015 08:25am EST 

The9 Ltd:Announced that it has entered into a legally binding term sheet with Splendid Days Limited (the "Investor") on November 13, 2015.pursuant to which the Investor has agreed to subscribe 12% senior secured convertible bonds of the Company due 2018 in an aggregate principal amount of US$45 million in addition to warrants in an aggregate notional amount of US$5 million.Notes will be divided into three tranches, each of which will be convertible into ADSs or ordinary shares of Co at an initial conversion price of US$2.6, US$5.2 and US$7.8, respectively, per ADS or ordinary share.will bear interest at a rate of 12% per year, payable upon redemption of the Notes.completion of the transaction is subject to the parties' execution of definitive agreements and customary closing conditions.  Full Article

BRIEF-The9 Limited signs definitive agreement regarding private placement

* The9 limited signs definitive agreement regarding private placement

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