The9 Ltd. (NCTY) Done with One-Third of $10M Buyback Program
The9 Limited (Nasdaq: NCTY) has repurchased 1,338,053 American Depositary Shares for an aggregate consideration of approximately US$3.8 million under its US$10 million repurchase program announced in December 2012. The repurchased shares account for approximately 6% of the Company's outstanding ordinary shares. The Company will continue to repurchase under its US$10 million repurchase program.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- ADP (ADP) Plans $2B Debt Securities Offering; 25M Common Stock Buyback Approved Upon Completion
- ReneSola (SOL) Announces Sale of 34.6-MW Port Farms Project
- UBS Sees Large-Scale Buyback from Monster Beverage (MNST) Amid New Cash Hoard
Create E-mail Alert Related CategoriesCorporate News, Stock Buybacks
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!