Shares of DouYu International Holdings Limited (DOYU) jumped over 26% on Thursday morning after the Chinese game-centric live streaming platform announced the appointment of Simin Ren as the company's Co-Chief Executive Officer.
DOYU is currently trading at $15.53, up $3.24 or 26.36%, on the Nasdaq. The stock opened its trading at $16.04 after closing Wednesday at $12.29. The stock has traded between $6.29 and $20.17 in the past 52-week period.
The company's board of directors approved and declared a special cash dividend of $9.94 per ordinary share to holders of record of ordinary shares and ADSs as of the close of business on February 10, 2025.
The aggregate amount of cash dividends to be paid will be about $300 million and is expected to be paid on or around February 20, 2025, for holders of ordinary shares and holders of ADSs.
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