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IPO Detail
02306 樂華娛樂
YH ENT
Listing Date2022/09/07    Suspended
Listing Price--
COMPANY PROFILE

YH Entertainment Group is an established artist management company in China. According to Frost & Sullivan, it ranked first among artist management companies in China with a market share of 1.9% in terms of artist management revenue in 2021. Since its establishment in 2009, it have grown into a culture and entertainment platform comprising three complementary businesses of artist management, music IP production and operation, and pan-entertainment business.

As of 15 Aug 2022, the Group had 66 managed artists and 71 trainees enrolled in its trainee program. Also, it have established an extensive library of music IPs, comprising approximately 1,100 original music recordings and videos it produced for managed artists and more than 56,000 musical works it licensed from third-party copyright holders as of April 30, 2022.

The Group’s customers consisted primarily of domestic and international brands; content producers and media platforms; and music service providers that license music IPs from it.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureMedia
Major Business AreaChina
Board Lot400
GLOBAL OFFERING
No. of Offer Shares132.56M shares
No. of International Offer Shares119.30M shares
No. of HK Offer Shares13.26M shares
Offer Price$6.80 - $8.50
Stock Code2306
Sponsor(s)China Securities (International) Corporate Finance Company Limited, China Merchants Securities (HK) Co., Limited
Underwriter(s)China Securities (International) Corporate Finance Company Limited, China Merchants Securities (HK) Co., Limited, Zhongtai International Securities Limited, CMB International Capital Limited, Guotai Junan Securities (Hong Kong) Limited, Futu Securities International (Hong Kong) Limited, Tiger Brokers (HK) Global Limited, Mouette Securities Company Limited, Livermore Holdings Limited, Eddid Securities and Futures Limited, China Galaxy International Securities (Hong Kong) Co., Limited
TIME TABLE
Application PeriodAug 24 (Wed) - noon, Aug 31 (Wed)
Price Determination DateAug 31 (Wed)
Result Announcement DateOn or before Sep 06 (Tue)
Result Announcement DateOn or before Sep 06 (Tue)
Dealings in Shares commence onSep 07, 2022. (Wed)
Reallocation of Shares Offered
Times of HK Offer Shares Subscription15X - 50X50X - 100XOver 100X
% of total shares reallocated to HK Offer30%40%50%
Sales Statistics (HKD)
Offer Price$6.80 - $8.50
Capitalization6.00B - 7.50B
NAV / share ($)$1.87 - $2.13 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 7.65, the net proceeds raised would be HKD 900.50M, of which
40% : Invested in artist operation
20% : Expanding music IP library
15% : Invest in and acquire business or assets which can create synergy for business
10% : Expanding pan-entertainment business
5% : For overseas expansion
10% : working capital
Related Document
Remark: The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
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