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The9 Limited Announces Share Exchange Transaction

 

The9 Limited (Nasdaq: NCTY) (the “Company” or “The9”), an established Internet company, today announced that it has signed a definitive agreement with Leading Choice Holdings Limited, a company incorporated in Hong Kong (“Leading Choice”), and the shareholder of Leading Choice for the issuance and sale of 21,000,000 ordinary shares (which equals to 7,000,000 American Depositary Shares) of the Company, par value of US$0.01, to Leading Choice at US$0.714 per ordinary share (which equals to US$2.14 per American Depositary Share), in exchange for a minority equity interest in Leading Choice as consideration (the “Transaction”). The completion of the Transaction is subject to customary closing conditions.

The9 has stepped into blockchain-related business and also develops and/or operates its proprietary mobile games, including the CrossFire New Mobile Games, Audition mobile, Fashion Pop and Q Jiang San Guo.




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Betty Tűndikhttps://vegnew.world
Hi everyone! Nice to e-meet you! Here are a few things you should know about me. I am a conscientious, open-minded, adaptable to new experiences, and ambitious Business Development Manager with a Bachelor's Degree in Economics - Banking, Finance, and Accountancy. Through my studies, I've also obtained many naturopathic and nutrition degrees as well. Part-time jobs have added marketing, network marketing, event management, and store management skills to my experience throughout my career. Throughout my career, I have also been a Hotel Manager and owned a Bar/Restaurant & Internet Cafe. My online marketing and social media interactivity experience was gained when I and my husband started a business with an online/organic webshop & healthy lifestyle consultancy. I've improved my English at Cambridge Academy of English - 2003, in Cambridge. I live a conscious lifestyle, and try to protect the ecosystem. Animal lover and capable of helping others without judgment or negative reactions, this is thanked my knowledge in holistic therapies and the naturopathy courses I've followed. I cannot leave for my spiritual growth and the continuous development in alternative and holistic therapies, so I'm learning at Kyron School of New Consciousness, receiving a Bio Energo-therapist diploma. Thanks to all my experiences I've decided to venture into publishing and writing, while also continuing to learn many new things daily. I hope you enjoy reading my hand-picked news and check back for my weekly articles.