Yeahka (9923.HK) Raises HK$787.7 million in Placing of Current Shares and Membership of New Shares

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HONG KONG, Dec. 3, 2020 /PRNewswire by means of COMTEX/ —
HONG KONG, Dec. 3, 2020 /PRNewswire/ — YEAHKA Minimal (“Yeahka” or the “Corporation”, inventory code: 9923.HK), a foremost payment-primarily based technology platform in China, announced that the Firm has entered into a best-up inserting transaction. A whole of 20,795,052 shares will be put at HK$37.88 per share. The gross proceeds from the placement and subscription are about HK$787.7 million. Morgan Stanley and Credit history Suisse are the joint world-wide coordinators for this placement.

The shares will be placed at HK$37.88 per share to investors who are unbiased 3rd events, symbolizing a discount of about 8.83{ceedb287d77e8cde5bf2878339831566d6a2b6f7559fed38ec8bb489262cb257} to the closing value of HK$41.55 for every share on December 3, 2020. The quantity of shares underneath the placement and subscription will characterize roughly 4.65{ceedb287d77e8cde5bf2878339831566d6a2b6f7559fed38ec8bb489262cb257} of the issued share money of the Company upon completion of the transaction.  The Firm intends to use the net proceeds for producing and boosting the Firm’s advertising and marketing providers, investing in new initiatives, recruiting talents to help the Company’s technological innovation-enabled business providers, and for strategic alliances with, investments in or acquisitions of company company suppliers.

With the Covid-19 pandemic in 2020, buyers increasingly count on diversified marketing procedures to restore income, further expand business enterprise, as very well as build and increase stickiness of goal shoppers. The Company’s precision marketing and advertising company has expanded fast given that 2020. Profits generated from advertising and marketing companies increased by 1,182.5{ceedb287d77e8cde5bf2878339831566d6a2b6f7559fed38ec8bb489262cb257} year-on-yr for the six months ended June 30, 2020. Meanwhile, from July 1, 2020 to October 31, 2020, complete impressions on the Firm’s promoting system for precision promotion approximately doubled when compared with that of the to start with half of 2020. In addition, the Enterprise productively obtained Chuangxinzhong, a top articles efficiency internet marketing company company in China. This acquisition delivers substantial synergies to Yeahka and alongside one another, the two get-togethers will increase the Company’s marketing expert services.

Yeahka intends to use 25{ceedb287d77e8cde5bf2878339831566d6a2b6f7559fed38ec8bb489262cb257} of the web proceeds from the placement for the ongoing advancement and enhancement of its marketing and advertising services. In addition, the Enterprise intends to use a even more 25{ceedb287d77e8cde5bf2878339831566d6a2b6f7559fed38ec8bb489262cb257} of internet proceeds for investments in new initiatives that are really complementary to the current business enterprise, such as value-additional expert services this sort of as solutions for location up on the internet retailers, membership management or social media promoting to retailers. Also, the Firm intends to use 15{ceedb287d77e8cde5bf2878339831566d6a2b6f7559fed38ec8bb489262cb257} for recruitments linked to the Company’s know-how-enabled business providers to enhance significant data analytics and synthetic intelligence systems of the Firm’s information management platform, and build diversified service provider SaaS solutions and promoting options, and to catch the attention of skills for the assist of acquisitions these types of as Chuangxinzhong. A further 15{ceedb287d77e8cde5bf2878339831566d6a2b6f7559fed38ec8bb489262cb257} will be applied for strategic alliances with, investments in or acquisitions of highly complementary business enterprise company providers, which includes promoting platforms and SaaS developers. The remaining 20{ceedb287d77e8cde5bf2878339831566d6a2b6f7559fed38ec8bb489262cb257} will be made use of for standard operating money and company applications.

Mr. Luke Liu, Chairman of the Board, Main Government Officer and Executive Director of Yeahka, mentioned, “Regardless of the problems introduced by the Covid-19 pandemic, the Enterprise has made fast in the to start with half of 2020. In addition, as of Oct 31, 2020, the number of energetic clients employing Yeahka’s payment solutions regained pre-Covid-19 levels and we reached approximately 600 million shoppers through our payment products and services. Profits and purchaser foundation of our main SaaS merchandise ongoing to improve. This Placement will support dietary supplement long-expression funding for our expansion system and tactics, broaden our shareholder foundation and boost our money power. Seeking ahead, we will go on to take edge of the publish-pandemic possibilities brought by the electronic transformation of compact and micro sized retailers, accelerate the pace of solution and provider innovation, and boost our strategic investments. Leveraging its payment system, Yeahka will join tens of millions of merchants and hundreds of thousands and thousands of consumers to generate a complete technologies ecosystem powered by knowledge that interacts with the retailers and prospects. Yeahka will in turn carry on to build value for them.”

About YEAHKA Confined (9923.HK)

YEAHKA Limited (“Yeahka” or the “Enterprise”) is a primary payment-dependent technological innovation platform in China furnishing payment and know-how-enabled company solutions to merchants and buyers. In accordance to Oliver Wyman, we are the second most significant non-lender unbiased QR code payment support supplier in China, with about 14.{ceedb287d77e8cde5bf2878339831566d6a2b6f7559fed38ec8bb489262cb257} marketplace share in conditions of transaction rely in 2019. The Company’s benefit proposition is a cohesive ecosystem that enables seamless, convenient and reputable payment transactions in between merchants and people, and leveraging its vast client base and details assets accrued from payment solutions, to further give a rich variety of engineering-enabled organization products and services, like (i) merchant SaaS solutions, which assist prospects enhance their operational performance, (ii) advertising solutions, allowing for buyers to effectively get to their goal markets, and (iii) fintech products and services, which cater to customers’ fiscal needs.

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