Ant group releases strategic placement plan: tmall subscribes 730 million shares

category:Finance
 Ant group releases strategic placement plan: tmall subscribes 730 million shares


According to the letter of intent disclosed by ant group on the evening of October 21, the initial inquiry time for A-share issuance is 9:30-15:00 on October 23 (T-4), and the expected issuance date is October 29. The initial number of shares to be issued shall not exceed 1670706000 shares, and shall not exceed 5.5% of the total share capital of ah shares after the issuance. The over allotment option can be adopted, and the number of shares issued by the over allotment option shall not exceed 250.6055 million shares.

Ant group released the letter of intent for listing on the science and technology innovation board, saying that the four major directions of fund-raising investment include promoting the upgrading of digital economy (accounting for 30%), strengthening global cooperation and helping global sustainable development (accounting for 10%), further supporting investment in innovation and science and technology (accounting for 40%), and replenishing working capital (accounting for 20%).

Source: ant groups disclosure of prospectus

According to the A-share issuance arrangement, ants strategic placement quota of 1.34 billion shares accounted for 80% of the total number of shares issued before green shoes and 69.57% of the total shares issued after green shoes.

According to the announcement, the stock code of ant group is 688688, which is also used for the initial inquiry and offline subscription of this issue. The online subscription code of this issue is 787688.

Source: ant groups disclosure of prospectus

The prospectus also shows that Zhejiang tmall Technology Co., Ltd., a wholly-owned subsidiary of Alibaba group, will participate in the strategic placement of the IPO as a strategic investor, subscribing for 730 million shares, Huaxias three-year closed operation strategic placement, and e-funds three-year closed operation strategic placement.

The co sponsor will arrange CICC wealth Securities Co., Ltd. and China Securities Construction Investment Co., Ltd. to participate in the strategic placement of this offering. CICC wealth Securities Co., Ltd. and China Securities Construction Investment Co., Ltd. will determine the number and amount of shares to be co invested in accordance with Article 18 of the guidelines for issuance and underwriting of shares on the science and Technology Innovation Board of Shanghai Stock Exchange. The number of shares co invested is expected to be no more than 2.00% of the number of shares initially issued this time (i.e. 33414, P.R, 120 shares), and the subscription amount shall not exceed RMB 1 billion respectively, and the final co investment quantity and subscription amount will be determined on October 26, 2020 (T-3) after the issuance price is determined. Both CICC wealth Securities Co., Ltd. and China CITIC Construction Investment Co., Ltd. have obtained the limited sales period of the shares for this time, which are 24 months from the date of the initial public offering of a shares by the issuers and listing on the Shanghai Stock Exchange.

Source: ant groups disclosure of prospectus

According to the letter of intent for listing on the science and Technology Innovation Board of ant group, in the first three quarters, the operating revenue was 118.191 billion yuan, up 42.56% year-on-year, mainly from the growth of digital financial technology platform revenue; the gross profit was 69.549 billion yuan, with a year-on-year increase of 74.28%; and the overall gross profit rate increased to 58.84% from 48.13% in the same period last year.

Source: HKEx

In addition, on the evening of 21, the official website of the Hong Kong Stock Exchange showed that ant group passed the hearing of the Hong Kong stock exchange.

Source: ant groups disclosure of prospectus

Ant group announced that the company plans to issue no more than 167070.6 million new shares in the initial public offering of H shares (before exercising the over allotment option of H shares). On the premise of meeting the minimum issuance ratio stipulated by applicable laws and regulations and the minimum circulation ratio required by the stock exchange of Hong Kong, the final number of shares for initial public offering of H shares shall be reasonably determined by the company according to the demand for raised funds and the issuance price, and the issuance scale approved by the CSRC and the Hong Kong Stock Exchange shall prevail. The company grants the underwriter (Bookrunner) an over allotment option of no more than 15% of the number of H shares issued to the public in Hong Kong and international placement.

After deducting the issuance costs, the raised funds obtained from the initial public offering of H shares (including the issuance by exercising the over allotment option, if any), will be used to help upgrade the digital economy, strengthen global cooperation and help global sustainable development, further support investment in innovation and technology, and supplement working capital (and general enterprise purposes). In accordance with the issuance price of HC shares, the shares of class HB will be redeemed by the holders of HC shares in accordance with the issuance price of the international ant class shares. The number of H shares subscribed by the holders of class B and class C shares of ant international is equal to the number of shares of class B and class C shares of ant international at that time. At that time, the company will issue 3256446324 H shares to class B and C share holders of ant international. (Zhongxin Jingwei APP) source of this article: Chen Hequn, editor in charge of Zhongxin Jingwei_ NB12679

After deducting the issuance costs, the raised funds obtained from the initial public offering of H shares (including the issuance by exercising the over allotment option, if any), will be used to help upgrade the digital economy, strengthen global cooperation and help global sustainable development, further support investment in innovation and technology, and supplement working capital (and general enterprise purposes).

In accordance with the issuance price of HC shares, the shares of class HB will be redeemed by the holders of HC shares in accordance with the issuance price of the international ant class shares. The number of H shares subscribed by the holders of class B and class C shares of ant international is equal to the number of shares of class B and class C shares of ant international at that time. At that time, the company will issue 3256446324 H shares to class B and C share holders of ant international. (Zhongxin Jingwei APP)