New Media Group Holdings Limited

New Media Group Holdings Limited
Public
(SEHK: 708)
Industry Media
Publishing
Founded 1999 Hong Kong
Headquarters Hong Kong
Key people
 Albert Yeung (楊受成)
(Founder of Emperor Group)
Percy Hughes (許佩斯)
(Executive Director & CEO)
Number of employees
 500
Parent Emperor Group
Website www.nmg.com.hk

New Media Group Holdings Limited (SEHK: 708) (新傳媒集團控股有限公司) is a local publisher principally engaged in the publication and marketing of Chinese-language weekly magazines and providing a cross selling platform for advertising clients. The company is a member of Albert Yeung’s (楊受成) Emperor Group. It was established in 1999 as the publisher of the travel magazine Weekend Weekly (新假期) and operated under Emperor International Holdings Limited (英皇集團(國際)有限公司) until its privatization in 2006. The company has been successfully listed on the Main Board of the Hong Kong Stock Exchange since 12 February 2008.[1]

Businesses[2]

The company has introduced or revamped five magazines in Hong Kong:

In year 2000, the company also established Economic Digest Publishing Ltd (經要文化出版有限公司) publishing supplements and books of various topics. It has also created an online platform and developed its business to selling its publications’ content to overseas markets.

It’s to be noted that Emperor Group’s Hong Kong Daily News (新報) does not belong to New Media Group.

Acquisition of Property

To reduce the operational cost in the long-run, the Group entered into an agreement for the acquisition of a property as self-use office premises on 2 November 2010. The property is a 10-storey industrial building with a site area of approximately 10,000 square feet and gross floor area of approximately 89,500 square feet, which is located at Kwun Tong Inland Lot No. 646, No. 82 Hung To Road, Kowloon, Hong Kong.[3]

News

[28 Jan 2008] New Media Group Holdings announced the details of its proposed listing on the Main Board of The Stock Exchange of Hong Kong Limited ("SEHK"). It will offer an aggregate of 150,000,000 new shares, of which 135,000,000 will be placing shares and 15,000,000 will be for subscription by the public in Hong Kong. Based on the indicative offer price range of between HK$0.6 and HK$0.75 per share, gross proceeds of the proposed listing are estimated at between approximately HK$90 million and HK$112.5 million.

The public offer will begin on 29 January 2008 and end on 1 February 2008. The allotment results will be announced on 11 February 2008. Dealing in the shares of the Group is expected to commence on the Main Board of SEHK on 12 February 2008 under the stock code 708. Shares will be traded in board lots of 5,000 shares. SinoPac Securities (Asia) Limited and Emperor Capital Limited are the Joint Sponsors, and Emperor Securities Limited is the Lead Manager of the listing.

The Group intends to use the net proceeds from the offer for 1) enhancing and enriching the contents of the Group’s publications; 2) promotion and marketing of the magazines to readers and advertisers; 3) strengthening the contents of the Group’s existing websites; 4) upgrading the Group’s existing machineries and equipment with an aim of improving the efficiency of publication workflow; and 5) general working capital purposes.[4]

[18 Jan 2011] New Media Group’s Online Business Launched.[5]

[19 July 2011] Taiwan Stock Exchange announces that New Media Group Holdings Limited will be listed by way of Taiwan Depository Receipts ("TDR") and will commence trading on the Taiwan Stock Exchange.[6]

References

  1. ↑ New Media Group Holdings Limited, About New Media Group
  2. ↑ New Media Group Holdings Limited, Our Business
  3. ↑ NEW MEDIA GROUP ANNOUNCES AN ACQUISITION OF THE PROPERTY AS SELF-USE OFFICE PREMISES
  4. ↑ New Media Group Announces Main Board Listing Details
  5. ↑ New Media Group Holdings Limited, Press Releases
  6. ↑ "New Media Group will commence listing and trading on TWSE". Focus Taiwan. Retrieved on 6 September 2011.
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