Australia's Macquarie Bank is no longer Yeah1's major shareholder
Macquire Bank now holds nearly 1.3 million shares or 4.74% of Yeah1`s charter capital.
Australia-based Macquarie Bank is no longer a major shareholder of Vietnamese entertainment group Yeah1 following the sale of 88,150 shares, according to the Ho Chi Minh Stock Exchange (HoSE).
Illustrative photo.
|
In July, Macquarie Bank acquired over 1.57 million shares, equivalent to 5.74% of Yeah1's charter capital to become the group's major shareholder.
Yeah1 has two other major shareholders in the names of Ancla Asset Limited with 3.4 million shares, equivalent to a 12.49% stake, and DFJ VinaCapital Venture Investment Ltd with over 1.95 million shares or a 7.14% stake.
The firm also has two individual major shareholders namely Nguyen Anh Nhuong Tong, its chairman, and CEO Dao Phuc Tri.
Yeah1 debuted its shares on HoSE on June 26 at the reference price of VND250,000 ($11). At the close of the first trading day, Yeah1's shares rose to VND300,000 ($13.18) apiece, a record in the local stock market, raising the market capitalization of this entertainment business to VND8.28trillion ($383 million).
Established in September 2006, the entertainment group runs a series of entertainment channels including Yeah1TV, Yeah1family, Imovietv and SCTV2, with nine subsidiaries and four indirect subsidiaries including Yeah1 Vietnam Co., Netlink Online Corporation and TNT Media Advertising.
Yeah1 is currently the largest multi-channel network in Asia and the 6th largest in the world by monthly views, it claims. The group is also the only certified publishing partner of Google, which has full rights to publish Google content in Southeast Asia.
In 2017, Yeah1 recorded VND851 billion (US$37.5 million) in revenue, up 48% year on year. The company posted after-tax profit of VND82.3 billion (US$3.63 million), five times the figure posted in 2016.
The group set a revenue target of VND1.6 trillion (US$70.64 million) in 2018, up 90% year-on-year and a profit of VND172 billion (US$7.6 million), up 109% year-on-year.
14:43, 2024/11/18
Aircraft manufacturer Embraer seeks comprehensive aviation partnership with Vietnam
The Vietnamese leader urges the aircraft manufacturer to collaborate on technology transfer, airport construction and operation, research, and investment in Vietnam.
21:55, 2024/10/22
Better links with FDI firms to support Hanoi businesses
Hanoi will continue to focus on quality projects, especially with partners such as Japan, the United States, and Europe to boost technology transfer.
15:24, 2024/09/24
Vietnam calls for more US investment in innovation, hi-tech
The Vietnamese leader called on relevant agencies to resolve any challenges faced by investors and enhance the investment climate to encourage greater US investment in Vietnam.
14:13, 2024/09/23
Vietnamese leader urges Boeing to build production facility in Vietnam
Boeing is committed to continuing to support the development of Vietnam's aviation ecosystem, focusing on aviation infrastructure, human resources training, airport construction, and aircraft maintenance facilities.
14:38, 2024/09/17
Foreign capital pouring into Vietnam's real estate market
Experts are optimistic that the 2024 Land Law, once enacted, will help resolve legal bottlenecks and attract more FDI.
16:27, 2024/08/24
Vietnam news in brief - August 24
Read The Hanoi Times to stay up to date on developments in Vietnam.
- Growing number of FDI firms moving to Vietnam
- Vietnam Gov’t committed to facilitating Adani Group’s US$2-billion port project
- Vietnam Railway proposes US$87 million for Hanoi–Dong Dang railway upgrade
- Vietnam’s North-South high-speed railway to be designed for 350km/h
- Vietnamese gov’t urged to address impact of global minimum tax
- Samsung plans drastic investment increase in Vietnam over next three years