Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. NetEase, Inc.
  6. News
  7. Summary
    NTES   US64110W1027

NETEASE, INC.

(NTES)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

NetEase : Announcement – Proposed Spin-off and Separate Listing of Cloud Village Inc. on the Main Board of The Stock Exchange of Hong Kong Limited – Listing of Cloud Village Inc. and Commencement of Dealings of Cloud Village Inc. Shares - Form 6-K

12/02/2021 | 06:21am EST

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange") take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities nor is it calculated to invite any such offer or invitation. In particular, this announcement does not constitute and is not an offer to sell or an invitation or a solicitation of any offer to buy or subscribe for any securities in Hong Kong, the United States of America or elsewhere.

NetEase, Inc. has not intended and does not intend to register any securities referred to in this announcement under the United States Securities Act of 1933, as amended (the "US Securities Act") and such securities may not be offered or sold in the United States of America absent registration under the US Securities Act or an applicable exemption from the registration requirements under the US Securities Act or any applicable state securities laws of the United States of America. Any public offering of securities in the United States of America will be made by means of a prospectus or offering memorandum that may be obtained from the issuer or selling security holder and that would contain detailed information regarding the issuer and its management, as well as financial statements. NetEase, Inc. does not intend to register any part of the offering in the United States of America or to conduct a public offering of securities in the United States of America.

NetEase, Inc.

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 9999)

PROPOSED SPIN-OFF AND SEPARATE LISTING

OF CLOUD VILLAGE INC.

ON THE MAIN BOARD OF

THE STOCK EXCHANGE OF HONG KONG LIMITED

LISTING OF CLOUD VILLAGE INC. AND COMMENCEMENT OF DEALINGS OF CLOUD VILLAGE INC. SHARES

The Board is pleased to announce that following the completion of the Global Offering, the listing of Cloud Village Inc. ("Cloud Village") on the Main Board of the Hong Kong Stock Exchange took place on December 2, 2021 and dealings in the Cloud Village Shares on the Main Board of the Hong Kong Stock Exchange commenced at 9:00 a.m. on December 2, 2021.

INTRODUCTION

Reference is made to the announcements of NetEase, Inc. (the "Company") dated May 26, 2021, August 1, 2021, November 16, 2021, November 23, 2021 and December 1, 2021 (the "Announcements") in relation to the Proposed Spin-off. Unless otherwise defined, capitalized terms used in this announcement shall have the same meanings as those defined in the Announcements.

LISTINGS OF CLOUD VILLAGE AND COMMENCEMENT OF DEALINGS OF THE CLOUD VILLAGE SHARES

The Hong Kong Stock Exchange has granted the approval for the listing of, and permission to deal in, the Cloud Village Shares on the Main Board of the Hong Kong Stock Exchange.

Following the completion of the Global Offering, (i) listing of Cloud Village on the Main Board of the Hong Kong Stock Exchange took place on December 2, 2021; and (ii) dealings in the Cloud Village Shares on the Main Board of the Hong Kong Stock Exchange commenced at 9:00 a.m. on December 2, 2021. The Cloud Village Shares are traded in board lots of 50 Cloud Village Shares each and the stock code is 9899.

Upon completion of the Global Offering (assuming the Over-allotment Option is not exercised), the Company controls in aggregate approximately 61.31% of the total issued share capital of Cloud Village.

By Order of the Board

NetEase, Inc.
William Lei Ding
Director

Hangzhou, China, December 2, 2021

As at the date of this announcement, the Board comprises Mr. William Lei Ding as the director, and Ms. Alice Cheng, Mr. Denny Lee, Mr. Joseph Tong, Mr. Lun Feng and Mr. Michael Leung as the independent directors.

2

Disclaimer

Netease Inc. published this content on 02 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 December 2021 11:20:06 UTC.


ę Publicnow 2021
All news about NETEASE, INC.
01/13China Cinda Scraps $943.5 Million Deal to Boost Stake in Ant Unit; Shares Slump 10%
MT
01/11Bilibili Bans Livestreams of Over 60 Video Games to Meet New Guidelines; Shares Jump 4%
MT
01/10Game Developer -NetEase Games's New Open World Survival Mobile Game Fading City started..
AQ
01/09Overseas Sales of China’s Self-Developed Games Surge 17% in 2021 to $18 Billion
MT
01/07Chinese Shares Post Four-Day Losing Streak; SunwayWorld Soars 99% in Shenzhen Debut
MT
01/06China Bans Digital Music Platforms From Signing Exclusive Copyright Deals
MT
01/04Shanghai Adds Metaverse Development in Five-Year Plan
MT
01/03ACTIVISION BLIZZARD : Amid scandal and a downgrade, an opportunity emerges
01/02Tencent, NetEase, Others Pledge Support For COVID-19-Hit Xi’an
MT
01/02China Internet Sector’s Revenue Rises 22% in January-November 2021 Period
MT
More news
Analyst Recommendations on NETEASE, INC.
More recommendations
Financials
Sales 2021 87 488 M 13 772 M 13 772 M
Net income 2021 14 822 M 2 333 M 2 333 M
Net cash 2021 82 134 M 12 930 M 12 930 M
P/E ratio 2021 29,8x
Yield 2021 0,97%
Capitalization 427 B 67 233 M 67 233 M
EV / Sales 2021 3,94x
EV / Sales 2022 3,23x
Nbr of Employees -
Free-Float -
Chart NETEASE, INC.
Duration : Period :
NetEase, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NETEASE, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 27
Last Close Price 656,58 CNY
Average target price 867,68 CNY
Spread / Average Target 32,2%
EPS Revisions
Managers and Directors
Lei Ding Chief Executive Officer & Director
Zhao Xuan Yang Chief Financial Officer
Ting Bun Lee Independent Non-Executive Director
Lun Feng Independent Non-Executive Director
Tze Kay Tong Independent Non-Executive Director
Sector and Competitors