Yeahka 9923

Yeahka 9923

Postby winston » Tue Jun 02, 2020 11:00 am

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Global Leading Institutions Took Stakes in Yeahka, Showing Confidence in Its Long-Term Prospects

May 30, 2020

HONG KONG--(BUSINESS WIRE)--YEAHKA LIMITED, China’s leading payment and business service technology platform, commences trading on the Main Board of The Stock Exchange of Hong Kong Limited on June 1st 2020, under the stock code of 9923.

CLSA, Nomura and ABCI, are the joint sponsors.

The total number of offer shares under the global offering amounts to 98,724,000 shares, priced at the top of the range at HK$16.64 per share.

The shares initially offered under the International Offering have been significantly over-subscribed by approximately 12 times, while the shares initially offered under the Hong Kong Public Offering have been significantly over-subscribed as well.

The total number of valid applications was approximately 641 times of the total number of Hong Kong offer shares initially available for subscription under the Hong Kong Public Offering.

Sources from the investment bank said, numerous global leading long-term funds, sovereign wealth funds and well-known strategic investors including Capital Group, Blackrock, Fidelity, China Investment Corporation, Hillhouse and CCBI, have actively participated in the subscription of Yeahka’s international offering.

Recruit Holdings, one of the largest Internet giant in Japan, is the cornerstone investor of the global offering, and Tencent continues to be one of the strategic shareholder of Yeahka.

Adhering the mission of continuously creating value for merchants and consumers, Yeahka provides payment and business services to them.

According to Oliver Wyman, Yeahka is the second largest non-bank independent QR code payment service provider in China with approximately 14.0% market share in terms of number of transactions in 2019.

Source: Business Wire

https://www.businesswire.com/news/home/ ... Confidence
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Re: Yeahka 9923

Postby winston » Tue Jun 02, 2020 11:07 am

Leading Payment-based Technology Platform YEAHKA LIMITED Successfully Listed on Main Board of SEHK


Yeahka provides a self-reinforcing commerce ecosystem that helps merchants start, run, and grow their business.

The Company has one of the largest third-party payment service customer bases in China. In terms of transaction count in 2019, the Company is the second largest non-bank independent QR code payment service provider in China, with approximately 14.0% market share.

Mr. Liu Yinqi, founder of Yeahka, who was the first general manager of TenPay, has formed a management team with rich experience in the Internet industry. As a pioneer among independent third-party payment service providers in offering value-added services to customers, Yeahka empowers digital transformation by enabling seamless, convenient and reliable payment transactions between merchants and consumers.

Yeahka caters to merchants' need for digital solutions in operations and provides them with value-added services beyond payments by cross-selling business services at minimal incremental costs.

As of the end of 2019, over 90% of the Company's business service customers were converted from payment service customers.

Mr. Liu Yingqi said, "Today, YEAHKA LIMITED officially entered the Hong Kong stock market and tapped into the international capital market, reaching an important milestone in the Company's history.

We are honored to receive enthusiastic support from investors worldwide. Looking forward, we will continue to expand our customer base for payment services and strengthen our technology-enabled business services, fully utilize the capital market platform and capture great market opportunities to create value for merchants and consumers and generate returns for shareholders continuously."

Prior to the Global Offering, Yeahka gained the attention and support of marquee investors including Tencent, Recruit Holdings, Adams Street Funds, IVP Funds, Greycroft Growth L.P., and e.ventures Growth L.P..

In addition to financial support, Tencent facilitated customer acquisition when the Group was in its early-stage development. With Recruit Holdings, the Group introduced Smart Shopkeeper, an integrated restaurant management solution, and formed an investment platform dedicated to co-invest in areas that complement to Yeahka's payment and technology-enabled business services.

Recruit Holdings is the cornerstone investor of the Global Offering. Pursuant to the Cornerstone Investment Agreement, the cornerstone investor has subscribed for 23,302,800 shares, representing approximately 5.6% of the Company's total issued share capital following the completion of the Global Offering, before any exercise of the over-allotment option and without taking into account the shares which may be granted under the RSU Scheme.

About YEAHKA LIMITED

YEAHKA LIMITED is a leading payment-based technology platform in China providing payment and business services to merchants and consumers. As of December 31, 2019, Yeahka was one of the only 16 payment service providers that were granted both the national bank card acquiring license and mobile phone payment license.

The Company has one of the largest third-party payment service customer bases in China, and it is growing rapidly. According to Oliver Wyman, Yeahka is the second largest non-bank independent QR code payment service provider in China, with approximately 14.0% market share in terms of transaction count in 2019.

Leveraging the customer base and data assets acquired from payment services, the Company has extended its product and service offerings to technology-enabled business services, which have enabled the Company to complete an end-to-end ecosystem which facilitates transactions between merchants and consumers and creates value for merchants and consumers.

Source: ACN Newswire

https://au.finance.yahoo.com/news/leadi ... 00092.html
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Re: Yeahka 9923

Postby winston » Tue Jun 02, 2020 2:24 pm

OVERVIEW

Our platform provides merchants with one-stop access to a wide variety of payment methods and channels, allowing consumers to pay with their preferred methods and channels, thus
enhancing the transaction experience.

Currently, our QR code payment services support payments from over 500 issuer’s mobile apps, including WeChat Pay, Alipay or Mobile QuickPass, covering most of the e-wallets in China.

Leveraging our vast customer base and data assets accumulated from payment services, we further offer a rich variety of technology-enabled business services, including
(i) merchant SaaS products, which help customers improve their operational efficiency,
(ii) marketing services, allowing customers to effectively reach their target markets, and
(iii) fintech services, which cater to customers’ financial needs.

We are uniquely positioned in the third-party payment value chain, and operate in a sub-market
that accounts for approximately 17.5% of the third-party payment market in 2019.

We, as an independent payment service provider, with extensive offline distribution networks and merchant customer base, focus on enabling merchants to accept payments from multiple issuers.

By contrast, affiliated payment service providers, such as WeChat Pay, Alipay and China UnionPay Merchant Services, despite having significant market share in the third-party payment service market, either
(i) only accept payments from their own e-wallets and process substantial amount of GPV from online merchants, or
(ii) primarily focus on transactions from their own issuing network.

In particular, while WeChat Pay and Alipay focus on the consumer side of payment transactions, and China UnionPay Merchant Services focuses on transactions made via co-issued bank cards of UnionPay, its holding company, we focus on enabling merchants to accept payments from multiple issuers as an independent party.
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Re: Yeahka 9923

Postby winston » Tue Jun 02, 2020 2:26 pm

RISK FACTORS

There are certain risks relating to investment in the Offer Shares, among which the relatively
material risks include the followings:

(i) our success depends on the ability to develop products and services to address the rapidly evolving market for one-stop payment services and technology-enabled business services;

(ii) market, economic and other conditions in China may adversely affect the demand for our products and services;

(iii) the outbreak of COVID-19 in China may adversely affect our business operations and financial results;

(iv) we are subject to extensive regulations in the payment and business services industry. Non-compliance with or changes to the regulations or licensing regimes may materially affect our business operations and financial results;

(v) failure to protect transaction information and data from continually evolving cybersecurity risks could affect our reputation and may expose us to penalties, liabilities and legal claims;

(vi) we face risks relating to our acquisitions, investments and alliances, which could have a material adverse effect on our financial condition and results of operations;

(vii) significant impairment to goodwill could materially impact our financial position and results of our operations;

(viii) if we fail to compete effectively, we may lose customers, which could materially and adversely affect our business, financial condition and results of operations;

(ix) we have experienced significant growth during the Track Record Period. Our historical growth rate is not necessarily indicative of our future performance. We may not be able to implement our growth strategies or manage our growth effectively; and

(x) we recorded negative operating cash flows for the year ended December 31, 2017. If, in the future, we are unable to generate sufficient cash flows from our operations or otherwise
unable to obtain sufficient funds to finance our business, our liquidity and financial condition will be materially and adversely affected.
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Re: Yeahka 9923

Postby winston » Tue Jun 02, 2020 2:37 pm

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Re: Yeahka 9923

Postby winston » Tue Jun 02, 2020 2:48 pm

With around 12% of the market share in 2018, Yeahka was China's second-largest non-bank independent QR code payment service provider, according to the company's filing in November.

As of June 2019, Yeahka had about 4.8 million active payment service customers.

In 2019, Yeahka more than doubled revenues to 2.26 billion yuan compared with 992.89 million yuan in the same period in 2018.

Source: Capital Watch
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Re: Yeahka 9923

Postby winston » Tue Jun 02, 2020 2:51 pm

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Re: Yeahka 9923

Postby winston » Tue Jul 14, 2020 12:15 pm

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Yeahka Ltd (9923 HK) : NOT RATED
Mkt. Cap: US$2,447m I 3m Avg. Daily Val: US$36.2m
Last Traded Price ( 13 Jul 2020): HK$44.50

China fintech conference call takeaways – Tapping into payment and value-added services

Leading QR code payment player with 14% market share in China

Expanding merchant base to align with GPV growth of 20-30% per annum

Focusing on converting payment merchants to VAS would improve margins

Trading at 22x FY20F PE vs its closest peer’s 33.5x which is undemanding

Source: DBS

https://researchwise.dbsvresearch.com/R ... fehckfhgbh
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Re: Yeahka 9923

Postby winston » Mon Aug 31, 2020 3:49 pm

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YEAHKA (09923.HK) Swings into Interim Profit of RMB223M

2020/08/27

YEAHKA (09923.HK) announced interim result ended June 2020.

The revenue rose 5.1% year on year to RMB1.077 billion.

The loss swung into profit of RMB223 million.

EPS was RMB1.07. No dividend was declared.

Source: AAStocks Financial News
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Re: Yeahka 9923

Postby winston » Sat Dec 05, 2020 12:58 pm

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Yeahka to raise HK$787.7m is share placement

Yeahka (9923) announced a placing of 20.79 million shares at a price of HK$37.88, representing a discount of 8.83 percent.

It plans to raise HK$787.7 million.

The company intends to reserve 25 percent of the net proceeds to fund expansion of marketing services.

Source: The Standard

https://www.thestandard.com.hk/breaking ... -placement
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