The9 Ltd. (NCTY), an internet company, said on Friday that its Chairman and CEO Jun Zhu plans to purchase up to 10 percent of the company's outstanding American Depositary Shares.
The ADSs will be purchased in the open market from time to time at prevailing market prices in accordance with applicable rules and regulations.
NCTY was trading up by 8.98 percent at $4.490 per share in the pre-market trade on the Nasdaq.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.