June 15, 2017 / 11:36 AM / 5 months ago

BRIEF-The9 Limited signs definitive agreement regarding private placement

June 15 (Reuters) - The9 Ltd:

* The9 limited signs definitive agreement regarding private placement

* Has entered into a definitive agreement with IE Limited

* Private placement of 12.5 million ordinary shares of company, each with par value US$0.01, to ie for a total consideration of US$15 million

* Company expects that investment in Smartposting will create synergies between its business and Smartposting’s business. Source text for Eikon: Further company coverage:

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