2018 March 28 Update: HKEJ 信報: 【熱炒半新股】毛記葵涌捱沽 自高位累瀉66% //焦點股毛記葵涌(01716)上市逆日急吐，暫時最多跌37.3%，見4元創新低，現跌31.4%，成交額1.37億元。// No idea if people will make or lose money on 記葵涌(01716) “investment”. Note: Click here for current stock price for 毛記葵涌(01716) from HKEX.
Here is a link to recording of the Q&A by Now TV Financial channel.
Here is a link to 100Most FB post (with video).
Here is the Company profile of 毛記葵涌(01716) from HKEX:
“Most Kwai Chung Limited is an investment holding company mainly engaged in the provision of advertising services. Along with subsidiaries, the Company operates its business through three segments. The Digital Media Services segment is involved in provision of advertising solution under which the deliverables to customers are distributed on digital media platforms managed by the Company, third parties’ television (TV) channels, Internet and physical advertising spaces, subject to the needs of the customers. The Print Media Services segment is involved in the provision of advertorial production and advertisement placement services and sale of publications including books and magazines. The Other Media Services segment is involved in the provision of other media services which include events organization and artistes management.”
2017/07/28 update: So “Most Kwai Chung Limited 毛記葵涌有限公司” (note: 100毛 is just one of the brands) is in the process of trying to list on HKEX (news ref). Here are PDF links of its July 26th filed 322-page English (Application Proof (1st submission) (Full Version)) and Chinese (申請版本（第一次呈交）（全文檔案）).
2016/03/14 update: Facebook: 林日曦 很可惜，我們沒有金主， 因為，我們就是金主本人。 (Full FB posting included at the end.)
2016/01/12 update: 【股東擬賣《100毛》】林日曦：我傾家蕩產買番先！
Here is an excerpt of a public FB comment I left at 林日曦’s page.
林老板，可以用錢(就算要“傾家盪產” :) )買番就最好啦。但係對方咁多錢，你就算儲埋好多好多散紙都一定*唔會*掟死佢，因為對方唔等錢洗，一D都無須要賣。 :(
I don’t have access to your private shareholders’ agreement so I don’t know what this (see below) fully implies “the Group [One Media Group] exercises significant influence […] the Group has the power to participate in making the financial and operating policy decisions of this company”.
It does sound potentially “influential” (don’t have to be “bad”). You and your lawyers know more about the legal implications. Good luck.
Note: see below for OMG annual report link.
2015/09/24 update: 香港有你：林日曦
2015/08/18 update: Mandy’s full interview.
// 推介呢個由樹仁新傳網 鍾溥敏Mandy Chung @Symedialab 做的林日曦足本76分鐘的專訪。由樹仁學生問問題的第三部分亦很精彩。因為足本又長的關係，很多時間給Roy發表他的見解，𣎴須被剪短。同意Roy與否，其實比港台做的九分鐘”原來錢作怪”片段更能好好的明白Roy的想法及動機.//
(part 1 of 3)
(part 2 of 3)
(part 3 of 3)
2015/08/07 update: 好好睇，好多語別不同的想法，老少咸宜，一齊學嘢，各取所需！ RTHK 原來錢作怪：林日曦 (start time 13:14)
我慢人幾年，最近先留意到 林日曦 (Facebook Lin Ri Xi) 呢個黑紙、100毛創辦人。而家追睇返一D佢嘅資料。順便同大家分享吓。 2015/05/31 SyMediaLab 鍾溥敏 Mandy Chung, 人物訪問 • 林日曦 黑面神林日曦 2013/08/10 Apple Daily, 火熱悶棍 林日曦 2015/02/02 SCMP, “100Most – a satirical weekly that’s a hit with Hong Kong’s Occupy generation”
“The friends decided they would only meet regularly if there was a joint project to work on together. That decision yielded Black Paper, an A5 size card filled on one side with their pithy political commentary and musings on life and art. The friends each shelled out HK$2,000 to print the first 2,000 copies, which went on sale on New Year’s Day, 2010. Priced at just HK$1, the cards sold out within two days. An additional print run of 20,000 copies was also quickly snapped up. By 2011, the monthly newsletter was being distributed at all 7-Elevens and sales rose to 100,000 copies. Success soon inspired the trio to dream of a bigger platform to air their views:100Most. They quit their day jobs and started the magazine with HK$1 million accumulated from Black Paper’s revenues. “We were fortunate to have a pool of money,” Chan Keung says.“
P.S.林日曦本名”徐家豪” (Roy Tsui according to Wikipedia) P.P.S. Some video clips. 新傳網名人專訪 – 林日曦：做人要習慣短視 2012/12/10 Apple Daily (article) 黑紙林日曦呻：香港搵食好艱難 (according to this clip, One Media Group 萬華媒體 (HKG 0426) is an investor, Chairman Tan Sri Datuk Sir Hiew-king Tiong also owns 明報 Ming Pao holding) “林日曦與商台舊同事阿Bu及陳強2010年合作推出《黑紙》，初時每月一期，到今年每周一期。林形容做《黑紙》等於夾band，分別只是「人哋jam歌，我哋jam字」。”
黑紙、100毛 as shown in One Media Group Annual report 2014/15
Note: According to the MD&A section of One Media Group 2014/15 annual report under performance of other media investments section (presumably the smaller and less material investments) (emphasis added),
“Blackpaper Limited is engaged in the publication of “BlackPaper”, “100 Most” and books as well as the provision of creative multimedia services and advertising campaigns. It recorded a satisfactory performance during the year.” Investment of HK$1,000,000 for a 10% effective equity interest. Quoting 2011/12 annual report, (emphasis added) “On 1st February 2012, the Group subscribed for 10% of the entire issued share capital as enlarged by the subscription of the shares in Blackpaper Limited at the investment cost of HK$1,000,000. Although the Group holds less than 20% of the equity shares of this company, the Group exercises significant influence by virtue of its contractual right to nominate and remove one director out of the four directors, all having equal voting rights, which form the board of directors of this company. In addition, the Group has the power to participate in making the financial and operating policy decisions of this company.” Questions: How “significant” are those influence? Can the 10% shares be bought back by Blackpaper Ltd. and at what terms and prices? I hope Blackpaper had a good advisor when the terms were signed in 2012 Feb. In hindsight, looks like Sir Hiew-king Tiong or, more likely, his team has made a nice investment considering the potential for long term success of Blackpaper Ltd.
2015 One Media Group’s 10 percent investment in blackpaper
2012/12/10 Apple Daily, 中環在線：短嘢 “林坦言，今年有一半期數沒廣告，但賣紙足以支持營運，原本不需要人入股，是萬華主動接觸他們，可幫手接廣告，反正他們只想寫字，便讓對方入股。惟萬華只佔超少股份，投資額對萬華而言只是「散紙」。” 新傳網名人專訪 – 林日曦：一百毛不能代表所有人 名人專訪 – 林日曦國語歌填廣東歌詞示愛
2015 May 20th, Apple Daily, 【職場秘笈】100毛係地獄？！林日曦：我係惡魔老細
20160115, (with video) 【#多謝Shell】震撼700萬人的冠名內幕
2016/03/14 update: Facebook: 林日曦 很可惜，我們沒有金主， 因為，我們就是金主本人。 Full FB posting included here: // 很可惜，我們沒有金主，
2010年，我跟陳強、Bu Iu三個人，每人夾了2000元正港幣，創辦了一張雜誌《黑紙》。2011年， Read the rest of this entry »