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

According to CTOnews.com news on January 12, bilibili (bilibili for short) announced on the Hong Kong Stock Exchange that it had completed the issuance of new Class Z common shares under the general authorization on January 11, 2023. The underwriter has successfully placed a total of 1534.4 American depositary shares to not less than six Placees at a price of US $26.65 per American depositary share. To the best of the Directors' and underwriters' knowledge, knowledge and belief, the Placees and their ultimate beneficial owners are independent third parties. Listed shares are issued in accordance with the General mandate.

According to the announcement, the net proceeds from the sale (after deducting the sales commission) is approximately US $399.9 million and the net proceeds from the sale (after deducting all applicable costs and expenses (including but not limited to sales commissions) is approximately US $396.9 million.

The Company expects that the Exchange underwriter and its applicable affiliates (duly employed and authorized by the Company) will purchase a total principal of US $384.8 million of the Exchange Notes from the holders of the Exchange Notes at the time of purchase. The purchase price of the instrument is approximately $331.2 million and the net proceeds from the spontaneous sale will be paid.

The company plans to use the remaining proceeds (in the amount of approximately $68.8 million) to replenish its cash reserves following the repurchase of certain convertible priority notes in the fourth quarter of 2022, as well as for other working capital purposes.

CTOnews.com learned that bilibili's average daily active users (DAU) and monthly active users (MAU) in the third quarter of 2022 were 90.3 million and 333 million respectively, up 25 per cent from the same period last year. The average number of households paying monthly fees (MPU) was 28.5 million, an increase of 19% over the same period last year.

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