May 10, 2018 / 8:37 AM / 2 months ago

BRIEF-The9 Limited Announces Potential Share Exchange Transaction

May 10 (Reuters) - The9 Ltd:

* THE9 LTD- ANNOUNCED IT HAS ENTERED INTO A TERM SHEET WITH PLUTUX LIMITED AND A SHAREHOLDER OF PLUTUX FOR ISSUANCE AND SALE OF 12.5 MILLION SHARES OF CO

* THE9 LTD- ISSUANCE OF SHARES OF CO, TO PARTICIPATING SHAREHOLDER AT $1.2 PER ORDINARY SHARE IN EXCHANGE FOR MINORITY EQUITY INTEREST IN PLUTUX Source text for Eikon: Further company coverage:

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