Shulou(Shulou.com)11/24 Report--

CTOnews.com reported on November 28 that the post-hearing data set was submitted on the Hong Kong Stock Exchange on November 14, and the co-sponsors were Citigroup and China International Capital Corporation, ready for a secondary listing on the Hong Kong Stock Exchange, which means that it is expected to list ahead of Ant and JD.com.

Now the Hong Kong Stock Exchange has issued an announcement: the Hong Kong listing price is 50.03 Hong Kong dollars per share, which is 2.46 times subscribed and raises 169.7 million Hong Kong dollars. In addition, if the over-allotment option is exercised, the company will receive an additional net income of approximately HK $37.7 million in respect of the 830000 shares to be issued after the exercise of the over-allotment option.

360 Mathematical Science said that the funds raised were intended to be used for the following purposes:

About 50% is expected to be used in the next 3 years to conduct research and development to enhance their technical and credit assessment capabilities, and to develop more diversified technical solutions to respond to the changing needs of financial institutions, and to fine-tune their services and solutions.

About 40% is expected to be used in the next 3 years to further infiltrate the credit technology industry and expand the user base.

About 10% is expected to be used in the next 3 years for general corporate purposes and working capital requirements

CTOnews.com learned that the company also promised to ban the sale of its shares in the hands of senior executives until February 21, 2023.

According to the financial report, the operating income of the company, which has been listed on US stocks, reached 4.1832 billion yuan in the second quarter, up 4.5% from the same period last year, while the net profit was 975 million yuan, down 37% from the same period last year. The net profit under non-GAAP was 1.0217 billion yuan, down 36.7% from the same period last year. In terms of operating data, the transaction volume in the second quarter was 98.281 billion yuan, an increase of 11.1 percent over the same period in 2021, and the loan balance reached 150.49 billion yuan, an increase of 28 percent over the same period last year.

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