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NTES-S Tumbles 3%+ in Early Trading Amid Reports of NetEase Games Mgmt Under Corruption Investigation
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NTES-S (09999.HK) (NTES.US) is reported to have conducted a rigorous internal investigation into corruption within its NetEase Games, and a general manager of NetEase Games' marketing department, among others, has been taken for questioning. NTES-S opened 2.69% lower today (8th), bottoming at $121.4. It last printed at $122.3, down 3.32%, on a volume of 2.5705 million shares and a turnover of $315 million. A related public relations officer from NTES-S responded on WeChat Moments that the company is steadfast in its anti-corruption stance, and that its anti-corruption efforts have never ceased. As the case is still under investigation, the company is not in a place to disclose the specific information, but will make announcement at an appropriate time. As the online rumors about money laundering and other issues are purely fabricated, the company has already arranged to report to the police. AAStocks Financial News |
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