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HoSE will welcome the stock priced over Sabeco and Vinamilk

Wednesday - 20/06/2018 11:15
Yeah1 Group's YEG shares are officially listed on the stock exchange from next week with the reference price of VND 250,000.

Ho Chi Minh City Stock Exchange (HoSE) has announced the approval of listing and officially trading 27.36 million shares of JSC Group Yeah1 from 26/6. The reference price on the first trading day was up to VND 250,000, with a fluctuation of +/- 20%.

With the highest reference price in the history of listing, the market capitalization of Yeah1 is about 6,842 billion dong. If not dropping sharply on the floor, this stock will also overcome the market price of "big brother" such as Sabeco, Vinamilk, Vietjet ...

Shortly after the listing, Yeah1 plans to sell 7.8 million shares to strategic investors and is expected to earn more than $ 100 million, equivalent to about VND300,000 per share. Representatives of the company said, up to now there are 25 institutional investors registered to participate in this offering. Most of these companies are from countries with 50% digital advertising growth each year such as Korea, Thailand ...

Previously, the company approved the plan to adjust the ownership ratio of foreign investors after listing from 49% to 100%, to increase liquidity and attract foreign capital.

The proceeds from this offering are expected to be used for M & A activities in the country and South East Asia, and at the same time, the enhancement of quality content in the four profitable segments is children, music, beauty and video games.

Nguyen said that Vietnam is the most potential country in the Southeast region for the development of the digital media industry thanks to its young population structure and the rate of using the telephone and social networks. high. Double-digit growth in online ad spend for 2015-2021 is approximately 30%, with the dominance of search engine advertising and banner ads.

Yeah1 Group established in 2006, owns 9 subsidiaries and 4 indirect subsidiaries. Business registration is a management consultancy, but its main activity over the years is to build a closed ecosystem of communications and advertising across multiple digital platforms such as websites, Youtube, Facebook. , Google advertising tool ... The current charter capital of the company is approximately 238 billion.

Its financial statements for the year 2017 recorded VND840 billion in net sales and VND82 billion in net profit, respectively, up 50% and 5 times more than last year. Revenue structure remained relatively stable when advertising and digital infrastructure development program accounted for a total of nearly 78%. More than a quarter of the company's revenue is coming from overseas, mainly in the Singapore market.
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