Zulong Entertainment will be officially listed on the Hong Kong Stock Exchange on July 15, 2020.
It is learned that Zulong Entertainment has issued an announcement of the selling price and allotment results, and the selling price per share is set at HK$11.60. It is expected that the net proceeds from the global sale will be received The amount is approximately HK$2.039 billion (assuming that the over-allotment option has not been exercised). The company will be officially listed on the Hong Kong Stock Exchange on July 15, 2020.
Zulong Entertainment’s Hong Kong Public Offering received 89,375 valid applications, subscribing for a total of 2,305 million shares, which is equivalent to approximately 18.74 million shares initially available for subscription in the Hong Kong Public Offering 123.01 times.
After applying the callback procedure, a total of 74.96 million offer shares have been reallocated from the international offer to the Hong Kong public offer. After redistribution, the final number of Hong Kong public offer shares has increased to 93.7 million shares, which is equivalent to 50% of the initial global offer shares (assuming that the over-allotment option has not been exercised).
In addition, Zulong Entertainment International has received approximately 16.0 times oversubscription.
For cornerstone investors, GIC Private Limited has subscribed for 53.793 million shares, Hong Kong Zilong Huyu Co., Ltd. has subscribed for 668.1 thousand shares, and SNK Corporation has subscribed for 534.4 10,000 shares, Cosmic Blue Investments Limited has subscribed for 4.674 million shares, Zhiguan Technology Co., Ltd.1.336 million shares have been subscribed. The total number of subscriptions of cornerstone investors is 71.83 million shares, which is equivalent to approximately 9.12% of the total issued share capital of the company after the completion of the global offering, and approximately 38.33% of the number of shares issued under the global offering (assuming that the over-allotment option has not been exercised) .
According to the prospectus, Zulong Entertainment is a Chinese mobile game developer, mainly focusing on the development of mobile MMORPG games. Its existing games include “Fantasy Zhu Xian” and “Sky” “Era” “Dragon Fantasy” and so on.