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The9 Launches $50 Million Stock Buy-Back

The9 Limited announced today that the company's Board of Directors has approved a buy-back of the company's shares. The online Chinese gaming company is looking to purchase $50 million of its American Depositary Shares, corresponding to an equal number of The9's ordinary shares. The9 will also look to purchase shares on the open market using its existing cash reserves.

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gamedaily.com
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