June 21, Qeeka Home, with JIA.COM as its main business, issued a global announcement. The announcement stated that the company will issue shares from June 21 to June 26, issuing a total of 242 million shares, of which 90% will be for international offerings and 10% for public offerings. 15% over-allotment option. Issue price of HK$6.80 to HK$9.00 per share; 500 shares per share, is expected to be listed on July 5.

Jia.com

Zhejiang Meida and Haizhi Group have agreed to subscribe for the number of Offer Shares that can be purchased at the Offer Price of RMB 149 million and RMB 117 million, respectively. Zhejiang Mei Da is a company listed on the Shenzhen Stock Exchange. It involves designs, develops, produces and operates integrated kitchen products. Haizhi is engaged in investment holding business and is wholly-owned by Xiading.

According to the prospectus published by Qeeka Home, the revenue of Qeeka Home was RMB141 million, RMB300 million and RMB479 million, respectively, from 2015 to 2017. In addition, the net loss was RMB347 million and RMB410 million, and 855 million yuan, respectively. At the end of 2017, it was still in a loss state and the loss amounted rose up to RMB 109 million. This was mainly due to the significant costs and expenses incurred in expanding the company's platform business and self-operated interior design and construction businesses. In the first 4 months of 2018,the company has achieved net profit.

Qeeka Home

Qeeka Home takes Jia.com as the main business entity. founded in March 2005 by Deng Huajin, Jia.com was headquartered in Shanghai, its business mainly includes the interior design and construction platform of the operating company and self-operated interior design. And its construction business has so far had more than 10 years of operating history. According to statistics, Qeeka Home has approximately 25.7% market share in 2017, and 50.6 million monthly visitors in April 2018.

(Source:JJGLE.COM)