Brief: The9 Signed A Definitive Share Purchase Agreement To Invest In AI Unmanned Retail Store Platform Kuaijin

The9

20/05/2024 09:07

May 20 (Reuters) - The9 Ltd  NCTY.O :
    * THE9 SIGNED A DEFINITIVE SHARE PURCHASE AGREEMENT TO
INVEST IN
AI UNMANNED RETAIL STORE PLATFORM KUAIJIN
    * PURCHASE OPTION IS EXERCISABLE WITHIN 2 YEARS AND WILL BE
BASED
ON KUAIJIN'S VALUATION AT US$60 MILLION
    * WILL PAY CASH CONSIDERATION OF $1.5 MILLION AND ISSUE
318.4
MILLION RESTRICTED CLASS A ORDINARY SHARES TO KUAIJIN

Source text for Eikon:  ID:nPn361LJka 
Further company coverage:  NCTY.O 

 ((Reuters.Briefs@thomsonreuters.com;))