Producer of show 'Brother' is about to raise more than 500 billion from shareholders

Yeah1 Group Joint Stock Company (HoSE: YEG), producer of the show 'Anh trai vu ngan cong gai', is about to raise more than 500 billion VND from shareholders.

Artists participating in the program 'Anh trai vu ngan cong gai' produced by Yeah1 - Photo: YEAH1

Yeah1 said the purpose of the offering is to increase capital capacity, commensurate with the total value of existing assets, and supplement capital for business and restructure debts.

After this offering is completed, Yeah1's charter capital will be increased to VND1,918 billion.

Specifically, Yeah1's board of directors has just announced a resolution on offering more than 54.8 million shares, at a price of VND10,000/share, to existing shareholders.

The exercise ratio of this offering is 100:40; meaning that for each share owned, the shareholder is entitled to one right and owns 100 rights to buy 40 new shares.

Shareholders can purchase shares in this offering within one month, from February 3, 2025. Existing shareholders are not subject to transfer restrictions when purchasing shares offered in this offering.

According to the shareholder structure, foreign organizations own 5.93% of Yeah1's capital while domestic shareholders hold 92.48%.

The most recent offering was made by Yeah1 in 2023, when it offered individual shares to strategic investors and the total amount raised was 450 billion VND.

Yeah1 was founded in 2006, operating in the entertainment media industry in Vietnam.

Due to the nature of its business, this company has foreign revenue because some subsidiaries have revenue from platforms such as Facebook and Google.

In the first 9 months of this year, nearly 52% of Yeah1's revenue came from foreign markets.

Yeah1 is currently known as the producer and publisher of digital content such as entertainment programs "Beautiful Sister Riding the Wind and Breaking the Waves", "Brother Overcoming a Thousand Congestions "... which have continuously caused a "storm" recently.

According to its own figures, Yeah1 attracts more than 3.5 billion views per month across platforms.

Regarding business results, as of the end of September 2024, Yeah1 recorded short-term liabilities of nearly VND 591 billion, 3.5 times higher than at the end of 2023. Of which, nearly 57% is short-term loans.

In the first 9 months, the company's net profit was 11.3 billion VND, a sharp decrease compared to more than 28 billion VND in the same period last year. Yeah1's net profit margin in the past two years has been around 6-8%.

Yeah1 restructures after crisis

Yeah1 was founded in 2006. After the incident with YouTube in early 2019, the company fell into crisis, recording a loss of more than 380 billion VND in 2019.

Then Yeah1 was restructured and "reformed" its senior leadership.

In June 2022, Mr. Nguyen Anh Nhuong Tong, founder and chairman of Yeah1, sold all shares by agreement and did not participate in the new term.

In April 2024, the last founder of Yeah1, Mr. Dao Phuc Tri, resigned after nearly 20 years of association.

After a period of crisis and "overcoming thousands of obstacles", Yeah1 has welcomed new shareholders.

There are two individual shareholders whose ownership ratios at Yeah1 were announced, including Ms. Le Phuong Thao, Chairwoman of the Board of Directors with 5.76% and Mr. Che Doan Vien, Deputy General Director with 4.99%.

Source: https://tuoitre.vn/nha-san-xuat-show-anh-trai-sap-huy-dong-hon-500-ti-tu-co-dong-20250108101855301.htm