09890 中旭未來
ZX INC
ZX INC
| Listing Date | 2023/09/28 |
| Listing Price | 14.000 |
Subscription Result
- Subscription Rate104.00x
- Guarantee One Lot Size7 lot
- One Lot Success Rate50%
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IPO Detail
COMPANY PROFILE
ZX Inc. is a publisher of online game products in China. It is devoted to marketing and operating online games in particular mobile games in China. The online games developed by its clients marketed and operated by the Group are delivered to players under the “Tan Wan” brand. According to Frost & Sullivan, it is the fifth largest company for publishing mobile game products in terms of revenue in China, accounting for 3.5% of the total market share in 2022.
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The Group have enabled marketing and operation of 11 game products for more than five years and 28 game products for more than three years as of April 30, 2023. The game products it marketed and operated had accumulated 418 million registered users. It achieved an average monthly active user (MAU) of 9.4 million. The average monthly revenue per paying user (ARPPU) of all the game products was RMB411.1.
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In addition to game products, the Group also provides marketing services in relation to online literature products. It have developed its own consumer product brands in new consumption scenarios, including the instant food brand “Zha Zha Hui” and pop toy brand “Bro Kooli.”
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Software & Services |
| Major Business Area | China |
| Board Lot | 200 |
GLOBAL OFFERING
| No. of Offer Shares | 18.98M shares |
| No. of International Offer Shares | 9.49M shares |
| No. of HK Offer Shares | 9.49M shares |
| Offer Price | $11.00 - $14.00 |
| Stock Code | 9890 |
| Sponsor(s) | China International Capital Corporation Hong Kong Securities Limited, China Securities (International) Corporate Finance Company Limited |
| Underwriter(s) | China International Capital Corporation Hong Kong Securities Limited, China Securities (International) Corporate Finance Company Limited, China Merchants Securities (HK) Co., Limited, CLSA Limited, CMB International Capital Limited, ICBC International Securities Limited, Tiger Brokers (HK) Global Limited, Futu Securities International (Hong Kong) Limited |
TIME TABLE
| Application Period | Sep 18 (Mon) - noon, Sep 21 (Thu) |
| Price Determination Date | Sep 21 (Thu) |
| Result Announcement Date | On or before Sep 27 (Wed) |
| Result Announcement Date | On or before Sep 27 (Wed) |
| Result Announcement Date | On or before Sep 27 (Wed) |
| Dealings in Shares commence on | Sep 28, 2023. (Thu) |
Reallocation of Shares Offered
| Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
| % of total shares reallocated to HK Offer | 30% | 40% | 50% |
Sales Statistics (HKD)
| Offer Price | $11.00 - $14.00 |
| Capitalization | 5.88B - 7.48B |
| NAV / share ($) | $4.22 - $4.31 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 12.5, the net proceeds raised would be HKD 110.00M, of which |
| 30% : Enhance and expand online game publishing business and other marketing business and consumer product business |
| 30% : Expand and deepen partnership with major market participants throughout the full lifecycle value chain |
| 10% : Improve technology infrastructure and enhance internal research and development capabilities |
| 10% : Expanding into select markets outside China and developing overseas operation |
| 10% : Exploring potential strategic acquisition opportunities |
| 10% : Working capital |
Related Document
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).