Summary by Moomoo AI
NetDragon Network Holdings Limited (stock code: 777) announced that on February 15, 2024, it has transferred US Depositary Shares to Eligible Shareholders and sent cash payment cheques for the relevant physical distribution. The CUSIP number for which the US Depository is assigned is “628988107.” This distribution includes shareholders who elected to receive cash in lieu of escrow, shareholders holding less than 1,000 shares, shareholders who failed to return an option form or form invalid in a timely manner, and ineligible shareholders. A total of approximately HK$71,650,337.57 in cash payments have been made to shareholders. This is part of the Company's plan of merger, proposed separation and physical distribution as referred to in the Company's previous announcements and circulars. NetLong Network's board members include four executive directors, one non-executive director and three independent non-executive directors.