April 10, 2017 / 12:15 PM / 4 months ago

BRIEF-The9 announces potential private placements

April 10 (Reuters) - The9 Ltd:

* The9 Ltd - entered term sheet for issuance and sale of a total of 25 million shares, with par value us$0.01 for of us$30 million, or US$1.2 per share

* The9 Ltd - entered term sheet with IE Limited, and Ark Pacific Capital Management

* The9 Ltd- expects that the transaction with Smartposting will create synergies between The9's business and Smartposting's business Source text for Eikon: Further company coverage:

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