Cancellation of 250 million-dollar convertible bond plan in the gathering era

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Beijing Time November 18 Evening News, gathered time (NASDAQ:YY) announced today, has decided to cancel the announcement of up to 250 million U.S. dollars to sell the top convertible bonds expired 2018 plan.

The gathering era announced last week that it would sell up to 250 million U.S. dollars of senior convertible bonds due in 2018, depending on market conditions and other conditions.

At the time of the gathering, it was said that part of the proceeds from the issuance of the convertible bonds would be paid for the following price transactions (capped call transactions), and that a maximum of USD 50 million would be used to repurchase ads shares and that the remainder would be used for general business purposes, Includes required working capital and potential acquisitions.