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    HUYA   US44852D1081

HUYA INC.

(HUYA)
  Report
Delayed Nyse  -  04:00 2022-09-30 pm EDT
2.220 USD   -3.90%
09/29UBS Downgrades HUYA to Neutral From Buy, Adjusts Price Target to $2.90 From $27
MT
09/27Asian ADRs Move Higher in Tuesday Trading
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09/19Asian ADRs Move Lower in Monday Trading
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Linen Investment Limited acquired 7.53% stake in HUYA Inc. from JOYY Inc. (NasdaqGS:YY) for approximately $270 million.

04/03/2020 EDT

Linen Investment Limited acquired 7.53% stake in HUYA Inc. (NYSE:HUYA) from JOYY Inc. (NasdaqGS:YY) for approximately $270 million on April 3, 2020. Linen Investment exercised its option to acquire 16.5 million Class B ordinary shares of Huya. As a result of the closing of the transaction, Tencent became the largest shareholder of Huya, increasing its voting power in Huya to 50.1% on a fully-diluted basis, or 50.9% calculated based on the total issued and outstanding shares of Huya, and will consolidate financial statements of Huya. Huya continues to operate independently and remains headquartered in Guangzhou, and its existing management team continues to be responsible for all aspects of business management and operations of the Company. Huya remains listed on the New York Stock Exchange. Concurrently with the closing of the Transaction and with immediate effect, Lingdong Huang was appointed as a director and the Chairman of the Board of Directors of Huya, and Zhi Cheng, Hai Tao Pu and Guang Xu were each appointed as a Director of Huya. Z. Julie Gao of Skadden, Arps, Slate, Meagher & Flom acted as legal advisor to JOYY Inc.

Linen Investment Limited completed the acquisition of 7.53% stake in HUYA Inc. (NYSE:HUYA) from JOYY Inc. (NasdaqGS:YY) on April 3, 2020.


© S&P Capital IQ 2020
Stocks mentioned in the article
ChangeLast1st jan.
HUYA INC. -3.90% 2.22 Delayed Quote.-68.01%
JOYY INC. 3.59% 26 Delayed Quote.-42.77%
All news about HUYA INC.
09/29UBS Downgrades HUYA to Neutral From Buy, Adjusts Price Target to $2.90 From $27
MT
09/27Asian ADRs Move Higher in Tuesday Trading
MT
09/19Asian ADRs Move Lower in Monday Trading
MT
09/16Asian ADRs Move Lower in Friday Trading
MT
08/17Asian ADRs Move Lower in Wednesday Trading
MT
08/17Citigroup Lowers HUYA to Neutral From Buy, Price Target to $4 From $6
MT
08/16Asian ADRs Move Lower in Tuesday Trading
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08/16Huya : Reports Second Quarter 2022 Unaudited Financial Results - Form 6-K
PU
08/16Transcript : HUYA Inc., Q2 2022 Earnings Call, Aug 16, 2022
CI
08/16HUYA Q2 Adjusted Earnings, Revenue Fall
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More news
Analyst Recommendations on HUYA INC.
More recommendations
Financials
Sales 2022 9 292 M 1 306 M 1 306 M
Net income 2022 -656 M -92,2 M -92,2 M
Net cash 2022 4 840 M 680 M 680 M
P/E ratio 2022 -5,81x
Yield 2022 -
Capitalization 3 778 M 531 M 531 M
EV / Sales 2022 -0,11x
EV / Sales 2023 -0,18x
Nbr of Employees 2 067
Free-Float 37,1%
Chart HUYA INC.
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HUYA Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends HUYA INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Last Close Price 15,79 CNY
Average target price 29,81 CNY
Spread / Average Target 88,7%
EPS Revisions
Managers and Directors
Rong jie Dong Chief Executive Officer & Director
Xin Wu Vice President-Finance
Ling Dong Huang Chairman
Li Gao Lai Chief Technology Officer
Hong Qiang Zhao Independent Director
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