Company introduction

According to the report, Magnum Ent operates the largest club-style venue in Hong Kong according to the total number of employees and the number of people available. At present, Magnum Club, Beijing Club, Billion Club and other clubs have been successfully set up. Its club follows the model of a modern club-style venue developed by disco in the 1970s, offering fast sound bars, fine bars and dance floors with snacks and alcoholic and non-alcoholic products. the main business comes from the sale of goods. In addition, a new club called Zentral will be opened this year at the Singapore State University in Kwai Fong.

For the three years ended March 31, 2013 and the five months ended August 31, 2013, the company's operating expenses were $6999 million, $1.3715 million, $1.745 million and $7.17 million respectively. In the same period, the company's profits were about 1608 million yuan, 2917 million yuan, 2803 million yuan and 557 million yuan respectively.

The defined use of the proceeds

Assuming that the over-allotment rights have not been exercised, based on the median sales calculation of HK $1.25 per share, it is estimated that the income from the sale of shares will be HK $804 million.