FlightManager’s parent applies for New Third Board listing
Shenzhen Huoli Tian Hui Technology, parent company of FlightManager, applied for a listing on the New Third Board.
Shenzhen Huoli Tian Hui Technology Co., Ltd., the parent company of FlightManager, applied for a listing on the New Third Board, officially known as the National Equities Exchange and Quotations (NEEQ), on November 28.
Huoli focuses on flight and high-speed railway services and provides high-quality transportation experience for passengers. At present, its flight management App FlightManager and High-speed Railway Manager are two transaction portals that experience relatively fast growth in China.
Huoli registered revenue of RMB 78.2348 million and net loss of RMB 120 million from January to July this year and revenue of RMB 82.4448 million and net loss of RMB 250 million in 2015, according to its prospectus.
It is reported that FlightManager has kicked off a series of marketing initiatives including advertising heavily in elevators and cooperating with famous accounts of new media.
FlightManager completed its series C funding of RMB 933 million from HNA-Caissa, Dapeng Air Service, CAAC Private Equity Fund, Beijing CAAC HeYuan Investment and Matrix Partners China in April. Huoli is worth RMB 2.159 billion after the investment. (Translated by Claire)