Futu News on December 15th, this Wednesday $QINGCI GAMES (06633.HK)$Announcement: The company issued 85 million shares, priced at HK$11.2 per share, 500 shares per lot, expected to be listed on December 16.
During the public offering phase, Qingci Games received approximately 3.64 times oversubscription. The final number of shares allocated to the public offering was 8.5 million shares, accounting for 10% of the total shares offered (before the exercise of any excess rights issue). A total of 8,908 valid applications were received, with a 20.80% allotment rate for 1 lot, subscribing 5 lots to have one assigned.
In addition, the international offering received a moderate oversubscription. The final number of shares offered was 76.5 million shares, equivalent to 90% of the total shares offered (before the exercise of any excess rights issue). Futu News compiled the relevant data as shown in the table below:
Approximately 0.863 billion Hong Kong dollars of net proceeds will be used for the following purposes: 35% will be used to expand the company's gaming product portfolio and invest in the gaming research and development capabilities and related technologies of the company; 25% will be used to expand the business in overseas markets; 15% will be used to strengthen the company's gaming distribution and operation capabilities in the China Mobile gaming market, as well as the brand and market awareness of the company's IP; 15% will be used for strategic investments and acquisitions of companies in the mobile gaming industry chain; 10% will be used for operating funds and general corporate purposes.
Qingci Games is a well-known Chinese mobile game developer and publisher, as a leisure gaming company in China (especially in the market of mobile gaming entertainment), it has a leading position with a deep understanding of the needs of Chinese gamers, as well as a strong ability to develop and publish high-quality games to cater to the Chinese gaming market and the global market.