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Macquarie Bank becomes large shareholder of Yeah1

00:18 11/07/2018
Macquarie Group, through Macquarie Bank Limited, bought 1.572 million shares, equaling 5.74 per cent, in digital media firm Yeah1 Group to become a large shareholder in the firm.

Macquarie Bank Limited completed the purchase on June 29. At the time, the Yeah1 ticker was valued at VND319,000 ($13.85) apiece, thus, Macquarie Bank Limited spent VND501.46 billion ($21.76 million) on the purchase.

Thus, Yeah1 currently has three large foreign shareholders, including Ancla Asset Limited with more than 3.4 million shares (12.49 per cent of the charter capital), DFJ VinaCapital Venture Investment Ltd. with 1.95 million shares (7.14 per cent), and now Macquarire Bank Limited.

According to the transaction data, during June 26-28, the foreign investors spent more than VND2.4 trillion ($104.17 million) on buying 8 million Yeah1 shares, increasing foreign ownership to 49 from 19.66 per cent.

Previously, on June 26, Yeah1 officially listed 27.4 million shares on HSX at the reference price of VND250,000 ($109.08).

After only a short time of being listed on HSX, the share value of entertainment group Yeah1 hit the ceiling price of VND300,000 ($13.02), by increasing 20 per cent compared to the reference price.

Yeah1 shares continued to breaking records at the following transaction sessions on June 27-28 by increasing 37 per cent compared to the reference price. However, after that, Yeah1 shares plunged to VND240,700 ($14.79) on the transaction session of July 9.

Macquarie Bank Limited, along with being a large shareholder of Yeah1, it was also a large shareholder of FPT Group with 4.56 per cent as of March 1, 2018.