Saturday, 16 Feb 2019

Australia's Macquarie Bank becomes major shareholder of entertainment group Yeah1

Updated at Thursday, 12 Jul 2018, 12:43
The Hanoitimes - In addition to Macquarie Bank, Yeah1 has two other major shareholders in the names of Ancla Asset Limited and DFJ VinaCapital Venture Investment Ltd, and two individuals including Nguyen Anh Nhuong Tong, chairman of the board of directors and Yeah1`s CEO Dao Phuc Tri.
Australia's Macquarie Bank has become a major shareholder of Vietnamese entertainment group Yeah1 following the company's listing debut at a record price of VND300,000 ($13.18) apiece, according to the Ho Chi Minh Stock Exchange (HoSE).

Macquarie Bank acquired over 1.57 million shares, equivalent to 5.74% of Yeah1's charter capital.

Illustration photo.
Illustration photo.
In addition to Macquarie Bank, Yeah1 has two other major shareholders in the names of Ancla Asset Limited with 3.4 million shares or 12.49% of charter capital, and DFJ VinaCapital Venture Investment Ltd with over 1.95 million shares (7.14% of charter capial).

The firm also has two individual major shareholders namely Nguyen Anh Nhuong Tong, chairman of the board of directors, and Yeah1's CEO Dao Phuc Tri. 

At the close on July 11, Yeah1's market price stood at VND250,000 (US$10.82) a share, down nearly 17% compared to its listing debut price. 

Yeah1 debuted its shares on HoSE on June 26 at the reference price of VND250,000 ($11). For a total of 27.37 million shares floated on HoSE, Yeah1 is valued at around VND8.8 trillion (US$383 million).

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). 

At such price, Yeah1 share price was the highest among listed companies in Vietnam, overcoming major listed companies in the pecking order including Saigon Alcohol Beer and Beverages (Sabeco), Vinacafe Bien Hoa, Vietnam Diary Products (Vinamilk) and Vietjet Air. 

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. 
Ngoc Thuy
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