Edition:
United States

The9 Ltd (NCTYy.F)

NCTYy.F on Frankfurt Stock Exchange

1.22EUR
2 Dec 2016
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Latest Key Developments (Source: Significant Developments)

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

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