Yeah1 Group Joint Stock Company (YEG) has just issued a resolution of the Board of Directors approving the policy of transferring the company's shares in 6 subsidiaries.
Specifically, Yeah1 plans to sell 1.56 million shares in YAG Entertainment JSC, equivalent to 85% of its charter capital. At the same time, Yeah1 will also transfer 36 million shares, equivalent to 99.99% of its charter capital, in Gigal Commercial Technology JSC, a company operating in the retail sector.
Yeah1 (YEG) is preparing to sell 6 subsidiaries within its ecosystem (Photo: Provided)
Yeah1 also plans to sell shares in four other subsidiaries, including: 40 million shares, equivalent to 99.97% of the shares in Care Group JSC; transferring 2.97 million shares, equivalent to 99% of the capital of ANA Entertainment JSC; divesting all 0.73 million shares, equivalent to 73% of the capital of Dai Su Tre Film Investment and Production JSC; and 1.33 million shares, equivalent to 70% of the capital of Appnews Vietnam JSC.
If the divestment is successful, Yeah1 is expected to earn approximately 826 billion VND. The divestment is scheduled to take place this June. Once the transfer is complete, these companies will no longer be subsidiaries of Yeah1.
In terms of business performance, in Q1/2024, Yeah1 recorded revenue of nearly VND 74 billion, an increase of 19% compared to the same period last year. The licensing segment brought in nearly VND 27 billion with a large gross profit margin of 82%.
Financial income increased sharply, reaching VND 36 billion, 6.3 times higher than the same period last year. This profit was recorded from the transfer of investments. As a result, Yeah1 brought in VND 12 billion in after-tax profit, nearly three times higher than the same period last year.
Source: https://www.congluan.vn/yeah1-yeg-sap-ban-6-cong-ty-con-post300446.html
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