IPO Timeline
Broker Results (T-2)
2023-01-17
Some brokers release in afternoon
Grey Market (T-1)
2023-01-18
Afternoon
HKEX Allotment (T-1)
2023-01-18
Evening
Registrar Allotment (T-1)
2023-01-18
Evening
Listing Day (T)
2023-01-19
First day of trading
Company Overview
| Stock Name | 乐华娱乐 |
|---|---|
| Stock Code | 02306 |
| Company Full Name | 乐华娱乐 |
| Industry | 影視傳媒 |
| Principal Activities | 公司為中國知名的藝人管理公司，目前已經打造成為包括藝人管理、音樂IP制作及運營及泛娛樂業務三大互補業務在內的文化娛樂平臺。 |
| Listing Date | 2023-01-19 |
| Listing Rules Era | Old Rules |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 中國北京市朝陽區創遠路28號院1號樓6層6006室 |
| Business Address (Hong Kong) | To be extracted |
| Place of Incorporation | To be extracted |
| Listing Method | To be extracted |
| Listing Board | Main Board |
| Website | http://www.yuehuamusic.com/ |
| Share Registrar | 卓佳证券登记有限公司 (Tricor Investor Services Limited) |
| Registrar Contact | (852)2862 8628 |
| A-Share/US Dual Listing | No data |
Offering Information
| Offering Mechanism | To be extracted |
|---|---|
| Offer Price | HK$ 4.08 / shares |
| Offer Price Range | To be extracted |
| Lot Size | To be extracted |
| Entry Threshold | To be extracted |
| Par Value | To be extracted |
| Offer Period | To be extracted |
| Global Offering Shares | To be extracted |
| HK Public Offer Shares (Initial) | To be extracted |
| Public Offer Lots (Initial) | To be extracted |
| International Placing Shares (Initial) | To be extracted |
| Offer Ratio | To be extracted |
| Total Shares Post-IPO | To be extracted |
| Greenshoe (Over-allotment Option) | To be confirmed |
| Stabilizing Manager (Greenshoe) | — |
| Cornerstone Share | 31.6% |
| Clawback Tiers | To be extracted |
| Reallocation Option | To be confirmed |
| Total Global Offering Size | HK$ 146,953,440 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 3,000 | HK$ 12,240 |
| 2 lots | 6,000 | HK$ 24,480 |
| 3 lots | 9,000 | HK$ 36,720 |
| 4 lots | 12,000 | HK$ 48,960 |
| 5 lots | 15,000 | HK$ 61,200 |
| 6 lots | 18,000 | HK$ 73,440 |
| 7 lots | 21,000 | HK$ 85,680 |
| 8 lots | 24,000 | HK$ 97,920 |
| 9 lots | 27,000 | HK$ 110,160 |
| 10 lots | 30,000 | HK$ 122,400 |
| 15 lots | 45,000 | HK$ 183,600 |
| 20 lots | 60,000 | HK$ 244,800 |
| 25 lots | 75,000 | HK$ 306,000 |
| 30 lots | 90,000 | HK$ 367,200 |
| 35 lots | 105,000 | HK$ 428,400 |
| 40 lots | 120,000 | HK$ 489,600 |
| 45 lots | 135,000 | HK$ 550,800 |
| 50 lots | 150,000 | HK$ 612,000 |
| 60 lots | 180,000 | HK$ 734,400 |
| 70 lots | 210,000 | HK$ 856,800 |
| 80 lots | 240,000 | HK$ 979,200 |
| 90 lots | 270,000 | HK$ 1,101,600 |
| 100 lots | 300,000 | HK$ 1,224,000 |
| 110 lots | 330,000 | HK$ 1,346,400 |
| 120 lots | 360,000 | HK$ 1,468,800 |
| 130 lots | 390,000 | HK$ 1,591,200 |
| 140 lots | 420,000 | HK$ 1,713,600 |
| 150 lots | 450,000 | HK$ 1,836,000 |
| 180 lots | 540,000 | HK$ 2,203,200 |
| 210 lots | 630,000 | HK$ 2,570,400 |
| 240 lots | 720,000 | HK$ 2,937,600 |
| 270 lots | 810,000 | HK$ 3,304,800 |
| 300 lots | 900,000 | HK$ 3,672,000 |
| 350 lots | 1,050,000 | HK$ 4,284,000 |
| 400 lots | 1,200,000 | HK$ 4,896,000 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 500 lots | 1,500,000 | HK$ 6,120,000 |
| 600 lots | 1,800,000 | HK$ 7,344,000 |
| 700 lots | 2,100,000 | HK$ 8,568,000 |
| 900 lots | 2,700,000 | HK$ 11,016,000 |
| 1,000 lots | 3,000,000 | HK$ 12,240,000 |
| 1,500 lots | 4,500,000 | HK$ 18,360,000 |
| 2,001 lots | 6,003,000 | HK$ 24,492,240 |
Valuation & Financials
| Market Cap (at Offer Price) | To be extracted |
|---|---|
| Pre-IPO Valuation (Last Round) | To be extracted |
| P/E Ratio | To be extracted |
| Profit/Loss Status | To be extracted |
| Period-End Cash Balance | To be extracted |
| Listing Expenses | To be extracted |
| Listing Expenses / Funds Raised | To be extracted |
| Total Pre-IPO Investment | To be extracted |
First Day Performance
| First Day Close | Loading... |
|---|---|
| First Day Open | HK$ 5.60 |
| First Day Change | -51.72% |
Use of Proceeds
| Use of Proceeds | 1、約60.0%或234.7百萬港元將用于持續投資藝人運營； 2、約15.0%或58.7百萬港元將用于擴大我們的音樂IP庫； 3、約15.0%或58.7百萬港元將用于擴展我們的泛娛樂業務； 4、約5.0%或19.6百萬港元將用于推廣藝人在其他國家的演出； 5、約5.0%或19.6百萬港元將用作營運資金及一般公司用途，以支持業務經營及增長。 |
|---|
Underwriting Syndicate
Joint Sponsors (2)
中信建投（国际）融资有限公司 CE BAU112
招商证券（香港）有限公司 CE AAI650
Overall Coordinators (2)
中信建投（国际）融资有限公司 CE BAU112
招商证券（香港）有限公司 CE AAI650
Joint Bookrunners (11)
中信建投（国际）融资有限公司 CE BAU112
招商证券（香港）有限公司 CE AAI650
华盛资本证券有限公司 CE AUL711
中国光大证券（香港）有限公司 CE AAW536
SDHG International Securities Limited CE ADY241
Guosen Securities (HK) Capital Company Limited CE AUX600
盈立证券有限公司 CE BJA907
老虎证券（香港）环球有限公司 CE BMU940
富途证券国际（香港）有限公司 CE AZT137
国泰君安证券（香港）有限公司 CE ABY236
利弗莫尔证券有限公司 CE BJN764
Joint Lead Managers (13)
中信建投（国际）融资有限公司 CE BAU112
招商证券（香港）有限公司 CE AAI650
华盛资本证券有限公司 CE AUL711
中国光大证券（香港）有限公司 CE AAW536
SDHG International Securities Limited CE ADY241
Guosen Securities (HK) Capital Company Limited CE AUX600
盈立证券有限公司 CE BJA907
老虎证券（香港）环球有限公司 CE BMU940
富途证券国际（香港）有限公司 CE AZT137
国泰君安证券（香港）有限公司 CE ABY236
利弗莫尔证券有限公司 CE BJN764
浙商国际金融控股有限公司 CE BGD825
易升证券有限公司
Cornerstone Investors
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | Sun Mass Energy Development Limited | 61,457,040 HKD | — | 12.55% | — | 6 months | 2023-07-19 |
| 2 | 丁世家 | 38,898,720 HKD | — | 7.94% | — | 6 months | 2023-07-19 |
| 3 | 好赞资产管理有限公司 | 15,557,040 HKD | — | 3.18% | — | 6 months | 2023-07-19 |
| 4 | 猫眼娱乐(香港)有限公司 | 38,898,720 HKD | — | 7.94% | — | 6 months | 2023-07-19 |
Directors & Management
| Chairman | 杜華 |
|---|---|
| Company Secretary | 張文勝,歐啟賢 |
No director data available.
Major Shareholders
| Major Shareholders & Holdings | DING GUOHUA LIMITED(43.26%);CMC Sports Investment Limited(12.28%);Interform Construction Supplies Limited(12.28%) |
|---|
Subscription Tiers
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