Key Developments: NetEase, Inc (NTES.OQ)
59.42USD
17 May 2013
$1.35 (+2.32%)
$58.07
$58.65
$59.75
$58.45
93,119
142,249
$65.42
$37.06
Latest Key Developments (Source: Significant Developments)
NetEase, Inc Declares Special Cash Dividend
NetEase, Inc announced that its Board of Directors declared a special cash dividend of USD0.04 per ordinary share, which is equivalent to USD1.00 per ADS (each ADS represents 25 ordinary shares). The special cash dividend is payable to shareholders of record as of January 15, 2013 and is expected to be paid on January 18, 2013. Full Article
Ku6 Media Co Ltd Announces Partnership with NetEase, Inc
Ku6 Media Co Ltd announced that it has entered into an agreement with famous Chinese Internet company NetEase, Inc. to be the video hosting provider for its microblog business. Pursuant to the agreement, Ku6 will provide technology support to video related activities on NetEase microblog platform, including video uploading and sharing. Meanwhile, NetEase microblog users will be given access to Ku6 Media video contents via embedded Ku6 Media video players. Full Article
NetEase.com, Inc. Announces Corporate Name Change To NetEase, Inc.
NetEase.com, Inc. announced that it has received shareholder approval at the Company's extraordinary general meeting of shareholders (EGM) to change its corporate name from NetEase.com, Inc. to NetEase, Inc. Full Article
NetEase.com, Inc.'s Board Approves New Share Repurchase Program
NetEase.com, Inc. announced that its Board of Directors has approved a new share repurchase program of up to USD50 million of the Company's outstanding American Depositary Shares (ADSs) for a period not to exceed three months. Under the terms of the approved program, NetEase may repurchase its issued and outstanding ADSs in open-market transactions on the NASDAQ Global Select Market. The timing and dollar amount of repurchase transactions will be subject to Securities and Exchange Commission (SEC) Rule 10b-18 requirements. It is also expected that such repurchases will be effected pursuant to a plan in conformity with SEC Rule 10b5-1. NetEase plans to fund repurchases made under this program from available working capital. Full Article
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