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The9 ( (NCTY) ) has provided an update.
The9 Limited announced the successful adoption of several resolutions at its annual general meeting held in Hong Kong. These resolutions include the re-election and appointment of directors to serve three-year terms, the increase of authorized share capital to US$500 million, and the amendment of the company’s Memorandum of Association and Articles of Association. These changes are expected to bolster the company’s governance structure and enhance its financial capacity, positioning it for future growth and strategic initiatives.
More about The9
The9 Limited is an established Internet company listed on Nasdaq under the ticker NCTY, with a focus on digital entertainment and technology-driven services. It operates in the internet industry, providing a diverse range of digital products and services.
YTD Price Performance: 114.55%
Average Trading Volume: 150,061
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $144.4M
Learn more about NCTY stock on TipRanks’ Stock Analysis page.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
