188bet game Group-S was listed on the first day of trading, with an increase of more than 4% in early trading and a market value of nearly 100 billion Hong Kong dollars

Author of this article: 188bet game 2020-09-22
(September 22, 2020,Shanghai, China) September 22,188bet game Group was successfully listed in Hong Kong,Stock code is 1179.HK。188bet game Group-S first day of listing,As of 10:14,The first day opened with an increase of over 4.5%,The stock price exceeds HK0,Transaction volume 4.2.3 billion yuan,Market value approaches HK0 billion。

Morning of September 21st,188bet game Group releases offering price and allotment results,The final offer price of both the international offering and the Hong Kong public offering is HK7 per share。Calculated based on the above offering price,188bet game Group plans global sale of 2042.2.15 million shares,Among them 204 Hong Kong offering shares.230,000 shares,International Offering Shares 1837.9.85 million shares,The net proceeds from the global offering to be received by 188bet game are estimated to be approximately RMB 59.HK.8 billion。

Sale results,Hong Kong public offering won 3.39 times oversubscribed。188bet game received a total of 8,793 valid applications,Total subscription 691.4.95 million Hong Kong offering shares,Equivalent to approximately 3 of the total number of Hong Kong Offer Shares initially available for subscription under the Hong Kong Public Offering.39 times。The Offer Shares initially offered under the International Offering were significantly over-subscribed,Equivalent to approximately 6 of the total number of Offer Shares initially available for subscription under the International Offering.6 times。

For the purpose of raising funds,According to 188bet game’s prospectus,Approximately 40% will be used to support the company’s capital expenditures and expenses,To strengthen the company's hotel network including the opening of new hotels as well as the upgrade and ongoing maintenance of existing hotels;Approximately 30% will be used to repay a portion of the 0 million revolving credit facility the company drew down in December 2019;Approximately 20% will be used to enhance the company’s technology platform,188bet game Club including the company;Approximately 10% will be used for general corporate purposes。

At the listing celebration ceremony held in Shanghai,Jin Hui, President of 188bet game Group and CEO of 188bet game China,"Today,We are still full of ideals,Let 188bet game become the greatest company in the world,188bet game’s journey to reach new heights has begun。Hong Kong’s secondary listing is a starting point,We still have two great dreams: one is to further strengthen our determination to develop deeply in China,Achieving Thousands of Stores in Thousands of Cities,Treat the Chinese market as the world;Second, 188bet game must serve on behalf of China、Chinese culture confidently goes global!”simultaneously,Ji Qi, founder of 188bet game Group, also expressed at the scene,"Difficulties will eventually pass,We must have firm confidence,We want to do right by the world、Things that are valuable to your life。Keep your integrity、Take the method above,Create value,Pursue beauty!”

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