IPO Plus - IPO

Name▼ / Code▼	Industry	Offer Price	Lot Size	Entry Fee	Closing Date	Grey Market Date▼	Listing Date▲
S.F. Holding 06936.HK	Air Freight & Logistics	32.3-36.3	200	N/A	2024/11/22	2024/11/26	2024/11/27
Jiuyuan Gene 02566.HK	Biotechnology - Medical Devices	11.48-12.56	200	N/A	2024/11/25	2024/11/27	2024/11/28
Mokingran 02585.HK	Watch & Jewellery	12-14.4	200	N/A	2024/11/26	2024/11/28	2024/11/29

Name▼

Code▼

Industry

Offer Price

Lot Size

Entry Fee

Closing Date

Grey Market Date▼

Listing Date▲

S.F. Holding
06936.HK

Air Freight & Logistics

32.3-36.3

200

N/A

2024/11/22

2024/11/26

2024/11/27

Jiuyuan Gene
02566.HK

Biotechnology - Medical Devices

11.48-12.56

200

N/A

2024/11/25

2024/11/27

2024/11/28

Mokingran
02585.HK

Watch & Jewellery

12-14.4

200

N/A

2024/11/26

2024/11/28

2024/11/29

Summary

We are a gaming and leisure group comprising (i) one integrated land-based casino and resort and two full-service land-based casinos operating in the Czech Republic, offering primarily slot machines and table games, and (ii) three hotels in Germany and one hotel in Austria that offer accommodation, catering, conference, and leisure services. Our Land Based Gaming Business and German and Austrian Hotel Business were acquired by the FEC Group through the Merger in 2018, and since then we have expanded our gaming offerings with the addition of new slot machines and the launch of poker game, and rebranded our casinos to “Palasino”. The Listing will constitute a Spin-off of our Group from FEC Group. Our long operating history in central Europe could be traced back to the establishment of Palasino Furth im Wald in 1995. Since then, we actively expanded our casino portfolio with the establishment of Palasino Excalibur City in 1999 and Palasino Wullowitz in 2004. We tapped into the hospitality business with the launch of Hotel Savannah in 2008, which, along with the interconnected Palasino Excalibur City, form our landmark resort, Palasino Savannah Resort. Over the years, we have built a portfolio of hotels in Germany and Austria through acquisitions, namely Hotel Columbus, Hotel Auefeld and Hotel Kranichhohe, in Germany and Hotel Donauwelle in Austria. We began preparing for the launch of our Online Gaming Business with the establishment of Palasino Malta in July 2021. Due to the outbreak of COVID-19, the governments of the countries which we mainly conduct our business operations, have imposed a series of measures to contain its spread. Such measures have led to the closure of our casinos and hotels for intermittent periods during the years ended 31 March 2021 and 2022. Our casinos and hotel in the Czech Republic were ordered by the government to close for intermittent periods of seven months during the year ended 31 March 2021 and two months during the year ended 31 March 2022. Our hotels in Germany and Austria were ordered by the government to close for intermittent periods of five months during the year ended 31 March 2021 and two months during the year ended 31 March 2022. During the Track Record Period, our performance has improved due to the easing of lockdown protocols and the gradual recovery of the global economy. Our revenue increased from HK$145.8 million for the year ended 31 March 2021 to HK$351.2 million for the year ended 31 March 2022, and further increased to HK$529.0 million for the year ended 31 March 2023, representing 140.9% and 50.6% year-on-year increase, respectively. We experienced continuous growth, with our revenue increased by 15.6% from HK$240.8 million for the six months ended 30 September 2022 to HK$278.3 million for the six months ended 30 September 2023. Prospective investors should note that the year-on-year comparison of revenue during the Track Record Period was significantly influenced by the lockdown protocols imposed by local governments, which adversely affected our financial performance for the years ended 31 March 2021 and 31 March 2022. Such comparison should not be viewed to suggest that there has been a significant growth in our business and financial performance during the years. Our net profit increased significantly from HK$2.6 million for the year ended 31 March 2021 to HK$40.1 million for the year ended 31 March 2022, and further increased to HK$44.2 million for the year ended 31 March 2023, representing 1,442.3% and 10.2% year-on-year increase, respectively. Our net profit decreased by HK$5.2 million or 23.3% from HK$22.3 million for the six months ended 30 September 2022 to HK$17.1 million for the six months ended 30 September 2023 due to the listing expenses incurred for the Listing and Global Offering. Our adjusted EBITDA (non-HKFRS measure) amounted to HK$32.1 million, HK$77.0 million, HK$85.4 million, representing 139.9% and 10.9% year-on-year increase, respectively, for the three years ended 31 March 2023, and HK$44.5 million and HK$52.2 million for the six months ended 30 September 2022 and 2023, respectively, representing 17.3% period-on-period increase. Such increase is consistent with the growing trend demonstrated during the three years ended 31 March 2023. Source: Palasino Holdings (02536) Prospectus (IPO Date : 18/03/2024)
Listing Market	MAIN
Industry	Casinos & Gaming
Background	Others
Major Business Area	N/A

Corporate Information

Substantial Shareholders	[00035] Far East Consortium International Limited (72.07%) Yang Fang (8.98%)
Directors	David CHIU (Chairman and Non-Executive Director) Pavel MARSIK (Chief Executive Officer and Executive Director) Cheong Thard HOONG (Non-Executive Director) Mengbi LI (Non-Executive Director) Kam Choi Rox LAM (Independent Non-Executive Director) Ngai Wing LIU (Independent Non-Executive Director) Sin Kiu NG (Independent Non-Executive Director) Jie JIAO (Independent Non-Executive Director)
Company Secretary	Kwok Tai LAW
Principal Bankers	Allgemeine Sparkasse Oberosterreich Bankaktiengesellstaft Erste Bank der oesterreichischen Sparkassen AG Kreissparkasse Koln Sparkasse Langen-Seligenstadt Sparkasse Munden Ceska sporitelna, a.s. Finductive Ltd. Komercni banka Bankaktiengesellstaft Raiffeisen Bank International AG
Solicitors	Becker a Poliakoff, s.r.o., advokatni kancelar Kraft Rechtsanwalts GmbH avocado rechtsanwalte WH Partners Justyna Zyga ECO Legal Kancelaria Radcy Prawnego Conyers Dill & Pearman Reed Smith Richards Butler LLP
Auditors	Deloitte Touche Tohmatsu
Registered Office	16th Floor, Far East Consortium Building, 121 Des Voeux Road, Central, Hong Kong
Share Registrars	Tricor Investor Services Ltd. [Tel: (852) 2980-1333]
Share Registrars Tel No	(852) 2980-1333
Internet Address	http://www.palasinoholdings.com
Email Address	ir@palasinogroup.eu
Tel No
Fax No

Real-time Futures	IPO Plus	Company Announcement
Top 20	Highs/ Lows	Company Dividend
Local Indices	DTDC RMB Traded Stocks	Result Announ. Schedule
World Indices	BioTech Stocks	Research Report
China Indices	Second Listing Stocks	Result Announ. News
Index Constituents	Short Selling	Corp. Event Search
H Shares (All)	ADR	Economic Calendar
Red Chips (All)	A+H+ADR	Economic Database
GEM (All)	A+H	Economic Data Chart
Industries	Shareholding Disclosures	World Interest Rates