On the evening of Nov. 13, Sina Technological News reported that Tong Cheng Yilong (share code: 0780) held a public offering conference in Hong Kong today. Elong will be offered on November 14th -19, and will be listed in November 26th. The offering price ranges from HK$975 to HK$1,265 per share. A total of 143,839,600 shares are offered, raising up to HK$1.82 billion (about US$232 million).
It is reported that Tong Yilong has sold 143,839,600 shares worldwide, including 14,384,000 shares in Hong Kong and 129,455,600 shares in international sales. The offering price is HK $9.75 to HK $12.65 per share.
Tong Yilong's public offering will begin at 9 a.m. on November 14, 2018 and end at 12 noon on November 19, 2018. It was listed on the HKEx at 9 a.m. on November 26, 2018. The company's shares will be traded in 400 shares per hand, and the stock code will be 0780.
Assuming that the selling price is HK$11.20 per share (the median of the offering price) and that the excess allotment is not exercised, the company expects to collect a net amount of HK$1.447 billion from the global offering after deducting the underwriting fees and estimated expenditures for the global offering.
Tong Yilong intends to use the net proceeds of the sale for the following purposes: 30% will be used to strengthen the company's product and service supply and the company's tourism service supplier and user base; 30% will be used for potential acquisition, investment, joint venture and partnership opportunities that the company considers to be in line with the company's overall business strategy; and 30% will be used to strengthen the company's business strategy. The overall technical strength of the company; 10% will be used for working capital and general enterprise purposes.
A few days ago, Cheng Yilong released the information and related information after hearing. Among them, in March 2018, after the merger of TongCheng and Yilong, the online business of TongCheng began to merge into the group's financial performance.
According to the updated data, as of June 30, 2018, the combined total income of Yilong and Tongcheng was 2.83 billion yuan. In the first half of 2018, Tongcheng Yilong made a total profit of 845 million yuan, which exceeded that of Tongcheng and Yilong in the whole year of last year by 686 million yuan (491 million yuan in 2017 and 194 million yuan in 2017). (Zhang Jun)
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