No Data
No Data
Youzan Technology goes to Hong Kong IPO: three years of steady growth of gross profit margin focus on SaaS business and set sail again
Author: Leyla China's cloud business services market is huge, the growing mobile Internet penetration, the rapid development of online retail market and the strong spending power of Chinese residents are driving the continuous growth of China's cloud business services market. Youzan Technology, China's largest provider of cloud business services, recently submitted a prospectus to the Hong Kong Stock Exchange, hitting the motherboard IPO. The main purpose of this listing will be used to further develop and expand its SaaS business. You Zan Technology provides you Zan WeChat Mall and you Zan Retail.
Countdown to the privatization of China Youzan (08083.HK), and Youzan Technology transferred to the main board IPO
Recently, China Youzan made an important announcement. According to the announcement, Youzan Technology has re-applied to the Stock Exchange for listing on the Main Board by offering new shares on the same day, and all of the planned prerequisites have been met. This means that after a lapse of half a year, the package plan centered on the “privatization of China's Youzan” and the “listing of Youzan Technology” has taken a critical step forward. For interested investors, what other key information is worth learning more about this latest announcement? “Introduce listing” to IPO, or what? The main change in this latest announcement is that the listing method of Youzan Technology will be changed from “introduction method” to”
Changes in Hong Kong stocks | China Youzan (08083) rose more than 12% intraday, Youzan Technology will be listed on the Stock Exchange by selling new shares
The Zhitong Finance App learned that Youzan Technology Co., Ltd. submitted an application for listing on the main board of the Stock Exchange, and Youzan Technology spun off from China Youzan. As of press release, China Youzan (08083) rose 9.59% to HK$0.8, with a turnover of HK$64.9025 million. According to reports, since Youzan Technology is a non-wholly owned subsidiary of China Youzan, the listing can only be implemented and completed after the plan takes effect in accordance with the proposal. Proposals include the adoption of an arrangement plan to privatize and distribute China's Youzan under section 99 of the Bermuda Companies Act. After the proposal and listing are completed, Youzan Technology's shares will be listed on the main board of the Stock Exchange, and China
Progress has been made in the privatization of 8083.HK in China, waiting for its technology to pass the hearing.
Reviewing the progress of the project, on the evening of February 28, China Youzan issued an announcement, sending three messages to the market: 1) distribute the shares held by Youzan to all Chinese shareholders; 2) the shares will be listed on the main board of the Stock Exchange according to Youzan's listing; and 3) after the distribution is completed, China Youzan will be privatized. Since then, the company will update the progress announcement on privatization and subsidiary listing projects every month. On March 19, China issued a notice to extend the sending of plan documents, which was extended to June 15. On April 16, the company announced that it had reached an irrevocable undertaking on the part of the share holder.
Domestic SAAS platform provider has Zan Technology to deliver the list to the Hong Kong Stock Exchange, which is expected to increase its valuation after listing.
On February 28th, Youzan Technology Co., Ltd. (referred to as Youzan Technology) submitted a prospectus to the Hong Kong Stock Exchange for listing on the main board of Hong Kong, with GF Capital (Hong Kong) as its sole sponsor. The company is a non-wholly-owned subsidiary of China Youzan (08083). 1. China's largest cloud business service provider according to Frost Sullivan, Youzan Technology Co., Ltd. is a leading company in China's cloud business service industry. In terms of 2019 revenue, the company is the largest cloud business service provider in China, accounting for 6.3% of the market share. Photo source: group officer
Changes in Hong Kong stocks | China Youzan (08083) has applied for Youzan Technology to be listed on the main board of the Stock Exchange by way of introduction
The Zhitong Finance App learned that China Youzan (08083) announced that the board of directors has applied to the Stock Exchange to list Youzan Technology Co., Ltd. on the main board of the Stock Exchange by way of introduction. As of press release, China's approval rose 4.82% to HK$3.48, with a turnover of HK$21.14,800. According to the announcement, the listing of Youzan Technology aims to unleash the growth potential of Youzan Technology Group and further develop SaaS business. Since the listing of Youzan Technology is to be carried out by way of introduction, there will be no public sale of Youzan Technology's shares in connection with the listing of Youzan Technology. Furthermore, the company announced that the offeror requested the board of directors to submit it after the program prerequisites are met or exempted
No Data
No Data