:Most Kwai Chung
{{Infobox company
| name = Most Kwai Chung Limited
| logo = Most Kwai Chung logo.png
| logo_size =
| image_alt =
| native_name = 毛記葵涌有限公司
| type = Public
| traded_as = {{SEHK|1716}}
| industry = Entertainment
| founded = {{Start date and age|2013}}
| area_served = Hong Kong
| brands = Blackpaper
100Most
TVMost
| website = {{URL|https://www.mostkwaichung.com/listing_documents|www.mostkwaichung.com}}
}}
Most Kwai Chung Limited ({{Zh|c=|s=|t=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.{{Cite news|url=http://www.businessinsider.com/shares-in-hong-kong-most-kwai-chung-surge-on-trading-debut-2018-3|title=Shares in a Hong Kong magazine publisher surged almost 900% on their first day of trading|work=Business Insider|access-date=2018-04-01}}
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” ({{Zh|c=|s=|t=毛記}}) is a parody of Hong Kong television station TVB and its Cantonese name “Mou Sin” ({{Zh|c=|s=|t=無綫}}).{{Cite news|url=https://www.hongkongfp.com/2017/08/13/whats-behind-success-satirical-media-hong-kong/|title=What's behind the success of satirical media in Hong Kong? {{!}} Hong Kong Free Press HKFP|date=2017-08-13|work=Hong Kong Free Press HKFP|access-date=2018-04-01|language=en-GB}}
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.{{Cite news|url=https://asiatimes.com/article/most-kwai-chung-stands-to-be-the-best-hk-ipo/|title=Most Kwai Chung set to be the best HK IPO|access-date=2018-04-01|language=en-US}}
History
In 2013, 100Most was launched as a satirical weekly magazine in Hong Kong.{{Cite news|url=http://www.scmp.com/lifestyle/arts-culture/article/1695786/100most-satirical-weekly-thats-hit-hong-kongs-occupy|title=100Most - a satirical weekly that's a hit with Hong Kong's Occupy generation|work=South China Morning Post|access-date=2018-04-01|language=en}}
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.{{Cite news|url=https://www.hongkongfp.com/2017/08/13/whats-behind-success-satirical-media-hong-kong/|title=What's behind the success of satirical media in Hong Kong? {{!}} Hong Kong Free Press HKFP|date=2017-08-13|work=Hong Kong Free Press HKFP|access-date=2018-04-01|language=en-GB}}
On 26 July 2017, Most Kwai Chung submitted their application for listing in the Hong Kong Stock Exchange, but was rejected in January 2018.{{Cite news|url=https://www.hongkongfp.com/2017/07/27/satirical-media-outlet-100most-seeks-listing-hong-kong-stock-exchange/|title=Satirical media outlet 100Most seeks listing on Hong Kong Stock Exchange {{!}} Hong Kong Free Press HKFP|date=2017-07-27|work=Hong Kong Free Press HKFP|access-date=2018-04-01|language=en-GB}}{{Cite news|url=https://asiatimes.com/article/upstart-tvmost-applies-listing-hong-kong-exchange/|title=Upstart TVMost applies for listing on Hong Kong exchange|access-date=2018-04-01|language=en-US}} 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 {{Hong Kong Stock Exchange|1716}}.{{Cite news|url=http://www.scmp.com/business/companies/article/2139220/most-kwai-chung-hong-kongs-most-oversubscribed-ipo-stock-soars|title=Hong Kong’s most pursued IPO stock soars tenfold on debut|work=South China Morning Post|access-date=2018-04-01|language=en}} 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, {{Hkex|2080}}) with the record of being oversubscribed 3,558 times.{{Cite news|url=http://www.scmp.com/business/companies/article/2139220/most-kwai-chung-hong-kongs-most-oversubscribed-ipo-stock-soars|title=Hong Kong’s most pursued IPO stock soars tenfold on debut|work=South China Morning Post|access-date=2018-04-01|language=en}}{{Cite news|url=https://www.reuters.com/article/most-kwai-chung-debut/update-1-hk-media-firm-most-kwai-chung-soars-on-debut-ipo-tops-popular-list-idUSL3N1RA3DG|title=UPDATE 1-HK media firm Most Kwai Chung soars on debut; IPO tops...|author=Reuters Editorial|work=U.S.|access-date=2018-04-01|language=en-US}}
Products and subsidiaries
Most Kwai Chung is currently the parent company of the following brands and companies:{{Cite web|url=https://www.mostkwaichung.com/pdf/20180316-e101.pdf|title=Most Kwai Chung Limited - Share Offer|website=Most Kwai Chung Limited|access-date=2 April 2018}}
- Blackpaper
- 100Most
- TVMost
- Whitepaper Publishing
- French Rotational Production Limited
- Number Eighteen Limited (formerly known as Most Records Limited)
- General manager Management Limited
References
{{Reflist|3}}
External links
- [https://www.mostkwaichung.com/listing_documents Official website]
Category:Mass media companies established in 2017
Category:2017 establishments in Hong Kong