|Bid||0.5850 x 1000|
|Ask||0.6200 x 1200|
|Day's Range||0.5826 - 0.6201|
|52 Week Range||0.3500 - 1.3800|
|Beta (5Y Monthly)||1.87|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jan 29, 2009|
|1y Target Est||N/A|
The9 Limited (Nasdaq: NCTY) ("The9" or the "Company"), an established Internet company, today announced that The9 and Splendid Days Limited, the holder of the senior convertible notes issued and sold by the Company in December 2015 (the "Convertible Notes"), and other relevant parties have entered into a settlement deed primarily relating to Convertible Notes repayment (the "Settlement Deed"). Pursuant to the Settlement Deed, the interest rate on the Convertible Notes was retrospectively lowered from 12% to 7% per annum for the period commencing from the original Convertible Notes issuance date till February 21, 2020, the date on which interest stopped to accrue on the Convertible Notes. The9 has settled a portion of the total outstanding amount of the Convertible Notes by cash and will further settle the remaining portion by an initial issuance of 32,400,000 Class A ordinary shares (equivalent to 10,800,000 ADSs) to the Splendid Days Limited. Those Class A ordinary shares will be subject to certain lock-up conditions and the number of Class A ordinary shares to be held by Splendid Days may also be subject to quantitative adjustments based on the market value of The9's shares, as set forth in the Settlement Deed. Subject to the terms and conditions set forth in the Settlement Deed, the interest-free loan of US$5.0 million extended by Ark Pacific Associates Limited, an affiliate of Splendid Days Limited will be waived.
The9 Limited (Nasdaq: NCTY) ("The9" or the "Company"), an established Internet company, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2019 with the U.S. Security and Exchange Commission ("SEC") on April 30, 2020. The annual report, which contains its audited financial statements, can be accessed on the SEC's website at http://www.sec.gov as well as on the Company's investor relations website at http://www.the9.com/en/. Shareholders may receive a hard copy of the annual report free of charge upon request.
The9 Limited (Nasdaq: NCTY ) ("The9" or the "Company"), an established Internet company, today announced that it received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market Inc. ("Nasdaq") dated April 13, 2020, indicating that the Company no longer meets the continued listing requirement of minimum Market Value of Listed Securities ("MVLS") for the Nasdaq Capital Market, as set forth in the Nasdaq Listing Rule 5550(b)(2) because the market value of the Company's securities listed on Nasdaq for the last 30 consecutive business days was below the minimum MVLS requirement of US$35.0 million.
The9 Limited (Nasdaq: NCTY) ("The9" or the "Company"), an established Internet company, today announced that it received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market Inc. ("Nasdaq") on March 6, 2020 notifying the Company that the minimum bid price per American depositary share ("ADS"), each representing three Class A ordinary shares of the Company, was below US$1.00 for a period of 30 consecutive business days and that the Company did not meet the minimum bid price requirement set forth in Rule 5550(a)(2) of the Nasdaq Listing Rules. The Nasdaq notification letter does not result in the immediate delisting of the Company's securities.
The9 Limited (Nasdaq: NCTY) ("The9" or the "Company"), an established Internet company, today announced that it has completed Transaction with Kapler Pte. Ltd, which was announced on September 27, 2019. Equity interests in several subsidiaries of the Company in China, are fully transferred to Kapler Pte. Ltd. for agreed consideration.
The9 Limited (the "Company") (Nasdaq : NCTY), an established Internet company, today announced that it held its annual general meeting of shareholders in Hong Kong on December 13, 2019, Hong Kong time.
SHANGHAI , Nov. 11, 2019 /PRNewswire/ -- The9 Limited (Nasdaq: NCTY ) (the "Company"), an established Internet company, today announced that it will hold its annual general meeting of shareholders ...
SHANGHAI , Sept. 26, 2019 /PRNewswire/ -- The9 Limited (Nasdaq: NCTY) ("The9" or the "Company"), an established Internet company, today announced that its subsidiaries have signed a ...
(Bloomberg) -- Faraday Future, the electric-vehicle upstart that was on the brink of insolvency last year, hired a BMW AG veteran to lead efforts to finally bring its debut car to market and raise more money.Carsten Breitfeld, who spent two decades at BMW and then 3 1/2 years leading two other electric-vehicle startups, will take over as chief executive officer from Faraday founder Jia Yueting, who’s becoming chief product and user officer. Faraday aims to start production of its 1,050-horsepower FF 91 model next year and follow that up with its mass-market offering, the FF 81, in 2021.“The top priority right now is fundraising. We will have to go to the capital markets,” Breitfeld said in an interview with Bloomberg Television. “In the first stage, it will be a three-digit million dollar amount that’s still missing to make all of this happen.”Breitfeld will also focus on hiring around Silicon Valley. Faraday has 600 employees globally now, almost half of which are in California.The FF 91 will be be available in two- or three-motor configurations and be built in small numbers in Hanford, California. It’ll sell for upwards of $150,000 and come standard with zero-gravity, lie-flat rear seats. Eleven screens inside the cabin boast about 100 inches worth of displays, including a 27-inch fold-down monitor for passengers.Breitfeld expects production to start in Hanford within the next 12 months. The FF 81 and another mass-market car being developed will be built in China, which he expects to begin within 2 1/2 years.Faraday won a much-needed cash infusion when it formed a joint venture earlier this year with The9 Ltd., the Chinese online-gaming company. A unit of China Evergrande Group, the property developer owned by Hui Ka Yan, China’s third-richest man, pursued a $2 billion investment last year, though the deal soured over Faraday’s ability to take on additional investors.Jia, who left for the U.S. two years ago amid a cash crunch at his companies in China, is establishing a repayment trust with Faraday equity to resolve his debts, according to the company. In July 2017, a Shanghai court froze 1.24 billion yuan ($182 million) of assets that he and his tech conglomerate LeEco held at the time.Before Breitfeld left BMW, he led the German carmaker’s development of the i8 plug-in hybrid sports car. He became CEO of Byton Ltd. in 2016 and was chief of Iconiq Motors for a few months earlier this year.“What is missing now is execution,” Breitfeld said of Faraday. “This is where I see a bit of my value coming in here, because this company has a great vision.”To contact the reporter on this story: Ed Ludlow in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Craig Trudell at email@example.com, Jonathan RoederFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
HONG KONG , June 17, 2019 /PRNewswire/ -- The9 Limited (Nasdaq: NCTY) ("The9") announced today that The9 and its wholly-owned subsidiary have signed a share purchase agreement with Comtec Windpark ...
SHANGHAI, June 10, 2019 /PRNewswire/ -- The9 Limited (NCTY) ("The9"), an established Internet company, today announced that it has signed a non-binding Memorandum of Understanding on Strategic Cooperation (the "MOU") with the Development Office of the Hohhot Shaerqin Industrial Zone. The parties will have strategic cooperation on the establishment and development of FF The9 China Joint Venture (the "JV")'s electrical vehicle business in the Hohhot Shaerqin Industrial Zone.