Most Kwai Chung Limited
Native name
毛記葵涌有限公司
TypePublic
SEHK: 1716
IndustryEntertainment
Founded2013 (2013)
Area served
Hong Kong
BrandsBlackpaper
100Most
TVMost
Websitewww.mostkwaichung.com

Most Kwai Chung Limited (Chinese: 毛記葵涌有限公司) is a magazine and online media company based in Hong Kong. The company is well-known for owning and running popular satirical magazine 100Most and online media platform TVMost.[1]

Background

The company and the "Most" brand is founded by Roy Tsui, when he launched 100Most in 2013. The Chinese name of the brand, “Most” and “Mou Gei” (Chinese: 毛記) is a parody of Hong Kong television station TVB and its Cantonese name “Mou Sin” (Chinese: 無綫).[2]

The naming of the company trading name with the term "Kwai Chung", which is a district in Hong Kong, is because their headquarters is located in the Kwai Chung district, and that no other listed companies has added a New Territories area name into their trading name.[3]

History

In 2013, 100Most was launched as a satirical weekly magazine in Hong Kong.[4]

In 2015, the company launched its new video platform TVMost, which upload numbers of sarcastic videos to Hong Kong citizens, sometimes even imitating TVB’s shows.[5]

On 26 July 2017, Most Kwai Chung submitted their application for listing in the Hong Kong Stock Exchange, but was rejected in January 2018.[6][7] On 29 January 2018, the company resubmitted their application and it was successfully listed.

In March 2018, the company announced its initial public offering (IPO) plans. It also becomes a listed trading company in Hong Kong with the ticker SEHK: 1716.[8] The first day of its IPO records retail offer oversubscribed 6,288 times, breaking Hong Kong's IPO record which was formerly held by the 2014 offering of Magnum Entertainment (now AUX International Holdings, SEHK: 2080) with the record of being oversubscribed 3,558 times.[9][10]

Products and subsidiaries

Most Kwai Chung is currently the parent company of the following brands and companies:[11]

  • Blackpaper
  • 100Most
  • TVMost
  • Whitepaper Publishing
  • French Rotational Production Limited
  • Number Eighteen Limited (formerly known as Most Records Limited)
  • General manager Management Limited

References

  1. ↑ "Shares in a Hong Kong magazine publisher surged almost 900% on their first day of trading". Business Insider. Retrieved 2018-04-01.
  2. ↑ "What's behind the success of satirical media in Hong Kong? | Hong Kong Free Press HKFP". Hong Kong Free Press HKFP. 2017-08-13. Retrieved 2018-04-01.
  3. ↑ "Most Kwai Chung set to be the best HK IPO". Retrieved 2018-04-01.
  4. ↑ "100Most - a satirical weekly that's a hit with Hong Kong's Occupy generation". South China Morning Post. Retrieved 2018-04-01.
  5. ↑ "What's behind the success of satirical media in Hong Kong? | Hong Kong Free Press HKFP". Hong Kong Free Press HKFP. 2017-08-13. Retrieved 2018-04-01.
  6. ↑ "Satirical media outlet 100Most seeks listing on Hong Kong Stock Exchange | Hong Kong Free Press HKFP". Hong Kong Free Press HKFP. 2017-07-27. Retrieved 2018-04-01.
  7. ↑ "Upstart TVMost applies for listing on Hong Kong exchange". Retrieved 2018-04-01.
  8. ↑ "Hong Kong's most pursued IPO stock soars tenfold on debut". South China Morning Post. Retrieved 2018-04-01.
  9. ↑ "Hong Kong's most pursued IPO stock soars tenfold on debut". South China Morning Post. Retrieved 2018-04-01.
  10. ↑ Reuters Editorial. "UPDATE 1-HK media firm Most Kwai Chung soars on debut; IPO tops..." U.S. Retrieved 2018-04-01. {{cite news}}: |author= has generic name (help)
  11. ↑ "Most Kwai Chung Limited - Share Offer" (PDF). Most Kwai Chung Limited. Retrieved 2 April 2018.
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