The9 Ltd (NCTYy.F) Key Developments | Reuters.com
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The9 Ltd (NCTYy.F)

NCTYy.F on Frankfurt Stock Exchange

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24 Jun 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

The9 Ltd announces sale of certain businesses
Friday, 29 Aug 2014 06:00am EDT 

The9 Ltd:Says Shanghai The9 Information Technology Co., Ltd., a wholly-owned consolidated variable interest entity of The9, closed a transaction with Shanghai Zhengwu Investment Center (Limited Partnership).For sale of its wholly-owned subsidiary Shanghai Huopu Cloud Computing Terminal Technology Co., Ltd.Consideration of 200 mln yuan in cash.  Full Article

The9 Ltd announces forming joint venture with Qihoo 360
Thursday, 31 Jul 2014 06:00am EDT 

The9 Ltd:Announced that The9 and Qihoo 360 Technology Co., Ltd. (Qihoo 360) had entered into an agreement.To form a joint venture.Pursuant to joint venture agreement, The9 and Qihoo 360 will each own 50 pct equity interest in JV and share profits according to this ratio.  Full Article

BRIEF-The9 signs definitive agreement regarding share exchange of Red 5

* The9 signs definitive agreement regarding share exchange of red 5

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