[Abstract] Lianzhong today opened at HK $3.53, higher than the offer price fell 16.94%, turnover of HK $21 million 780 thousand.
technology news (Le Tian) June 30th news, the old chess Lianzhong website (06899-HK) today in the Hongkong Stock Exchange listed on the main board, shall be opened to break, opened at HK $3.53, higher than the offer price fell 16.94%, turnover of HK $21 million 780 thousand.
Lianzhong bidding price of HK $4.25. At present, Lianzhong stock price of HK $3.83, still higher than the offer price fell to HK $0.42, down to 9.88%.
OurGame announced public offering of shares was oversubscribed by about 10 times, the international placing have been moderately oversubscribed. Subscribe 1 hand 1000 application success rate of 100%.
Lianzhong was founded in 1998, specializing in online chess games, OurGame revenue of 236 million yuan last year, net profit of 35 million 50 thousand yuan, compared with 2012 growth of 15% and 20% respectively.
as of the first quarter of 2014, total registered PC Lianzhong game game player reached 396 million, the total registered mobile phone game game player 51 million. The company’s flagship PC game "landlords every day" and "Poker World (PC version)" can provide a series of online games and games, as well as a large number of social and other ancillary functions. Lianzhong also continues to expand its portfolio of mobile games.
Lianzhong said, 30% of the net proceeds for the optimization and expansion of the network game, especially online chess game; about 20% games for the purchase of complementary intellectual property and distribution license; about 25% used by continuing to hold online and offline comprehensive chess game tournaments and other advertising and promotional activities to promote the network game;
About 15% of
is used to invest in or acquire independent game developers focused on mobile games, focusing on improving mobile gaming development and technical strength; about 10% for the purpose of working capital and other general corporate purposes.