Zhejiang Huanyu and The9 Establish Joint Venture and Signed Non-Exclusive Agreement to Operate New MIR Game with Annual Revenue Commitment of RMB600 Million, Profit Commitment of RMB200 Mi...
The9 Limited - American Depository Shares (NCTY)
US:NASDAQ Investor Relations:
the9.com/en/stockinformation.html
Company Research
Source: Yahoo! Finance
subsidiary Shanghai The9 Information Technology Co., Ltd. signed a joint venture agreement (hereinafter referred to as the "Agreement") with Zhejiang Huanyu Network Technology Co., Ltd. (hereinafter referred to as "Huanyu"), a Chinese game development and operation company. The Joint Venture will become one of The9's consolidated subsidiaries to operate the mobile and PC versions of the new MIR game: MIR M, in which The9 holds a 51% stake and Huanyu holds a 49% stake. Pursuant to the Agreement, Huanyu promised to guide its existing MIR and related game users to the Joint Venture to ensure the smooth operation of MIR M by the Joint Venture. All after-tax profits of the Joint Venture will be distributed as dividends every quarter according to the shareholding ratio of the Joint Venture partners. Huanyu committed that the Joint Venture will have a game revenue of at least RMB600 million (approximately US$84 million ) and a profit of RMB200 million (approximately US$28 million ) in 2025
Show less
Read more
Impact Snapshot
Event Time:
NCTY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
NCTY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
NCTY alerts
High impacting The9 Limited - American Depository Shares news events
Weekly update
A roundup of the hottest topics
NCTY
News
- The9 Limited to Hold Annual General Meeting on December 27, 2024, and to Issue Class B Ordinary Shares to its Chief Executive Officer [Yahoo! Finance]Yahoo! Finance
- The9 Limited to Hold Annual General Meeting on December 27, 2024, and to Issue Class B Ordinary Shares to its Chief Executive OfficerPR Newswire
- The9 Limited (NASDAQ: NCTY) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- The9 Limited (NASDAQ: NCTY) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- The9 Limited (NASDAQ: NCTY) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
NCTY
Sec Filings
- 11/20/24 - Form 6-K
- 11/13/24 - Form 144
- 10/9/24 - Form 6-K
- NCTY's page on the SEC website