Xunlei enters agreements for diposition of equity interest in Shenzhen Onething [Yahoo! Finance]
Xunlei Limited - American Depositary Shares (XNET)
US:NASDAQ Investor Relations:
ir.xunlei.com
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Source: Yahoo! Finance
Xunlei ( XNET ) announced that its variable interest entity in China, Shenzhen Xunlei Networking Technologies, has entered into definitive agreements to transfer an aggregate 50% equity interest in Shenzhen Onething Technology, for an aggregate cash consideration of RMB125M. Pursuant to the terms of the definitive agreements, Shenzhen Xunlei will transfer 20% of the equity interest in Shenzhen Onething to Wuhan Kingsoft Cloud Information Technology ( KC ), for a cash consideration of RMB50M; and 30% of the equity interest in Shenzhen Onething to Shenzhen Xinghan Zhilian Technology, a holding vehicle for Onething's management team consisting of Mr. Hao Li, Mr. Yingqiao Liu, and Mr. Lei Wu, for a cash consideration of RMB75M. Prior to the closing of the Transaction, Shenzhen Xunlei held 70% of the equity interest in Shenzhen Onething. Upon completion of the Transaction, Shenzhen Xunlei will retain a 20% equity interest in Shenzhen Onething. As a result, the Company will not consolidate
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News
- Xunlei Limited Schedules 2025 Unaudited Fourth Quarter and Fiscal Year Earnings Release on March 12, 2026GlobeNewswire
- Xunlei Limited Announces Entry into Definitive Agreements for Disposition of Majority Equity Interest in Shenzhen Onething [Yahoo! Finance]Yahoo! Finance
- Xunlei Limited Announces Entry into Definitive Agreements for Disposition of Majority Equity Interest in Shenzhen OnethingGlobeNewswire
- Xunlei (NASDAQ:XNET) was downgraded by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from a "buy (b-)" rating to a "hold (c+)" rating.MarketBeat
- Xunlei (NASDAQ:XNET) had its "buy (b-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
XNET
Sec Filings
- 3/3/26 - Form 6-K
- 2/4/26 - Form SCHEDULE
- XNET's page on the SEC website