Hechi enterprise becomes 1st Guangxi listed company in 2020

Sino-Entertainment Technology Holdings Ltd in Luocheng Mulao autonomous county, Hechi was successfully listed on the Hong Kong Stock Exchange on July 15, becoming the first Guangxi company to be listed in Hong Kong this year.

Founded in December 2014, the company is a comprehensive game publisher and developer that focuses on the distribution of mobile games in the Chinese market. It held a 0.1 percent market share in China's mobile game industry in 2019.

Dinglian Technology Co, the operating entity of the company located in Luocheng Mulao autonomous county, has published or operated 95 games.

The company held a global offering of 100 million shares at an issue price of HK$1.63 ($0.21) per share, and the total capital raised was approximately HK$163 million. At present, the total market value of the company is HK$680 million.

Dinglian and the Luocheng government signed a mobile game development project, with an investment of 20 million yuan ($2.86 million), at the Hechi (Shenzhen) Investment Cooperation Promotion Conference and Signing Ceremony held in Shenzhen on May 6, 2019.

Sui Jiaheng, chairman and executive director of Sino-Entertainment Holding, said that the successful listing of the company will help improve its research and development capabilities. In the future, the company will focus on the development of high-growth potential businesses and set an example for the transformation of Hechi’s industries, as well as the development of a diversified economy.