Finnish fund reduces stake in YeaH1 shares

Finnish fund reduces stake in YeaH1 shares

After the sale, Pyn Elite Fund's ownership in YeaH1 reduces from approximately 9.15 per cent to 8.94 per cent.

YeaH1 announced the date for its upcoming annual general meeting, expected on April 22. — Photo laodong.vn

Finland-based investment firm Pyn Elite Fund has reduced its stake in YeaH1 Corporation after selling 400,000 shares of the company’s YEG stock, according to a disclosure sent to regulators.

The transaction lowered the fund’s ownership from about 9.15 per cent to 8.94 per cent, equivalent to 17.15 million shares as of February 24.

The decision was officially communicated in a document sent to the State Securities Commission of Vietnam, the Stock Exchange and YeaH1. The recent sale reflects ongoing adjustments in the fund’s investment strategy.

Separately, YeaH1 announced the date for its upcoming annual general meeting. The deadline for shareholders to register to participate in the meeting is March 23. Each share will grant one voting right and the meeting is scheduled for April 22.

Further details regarding the time, location and agenda of the meeting will be provided in the official invitation.

YeaH1’s Board of Directors has also resolved to increase its investment in MangoPlus, a company focused on entertainment and media. The firm will contribute nearly VNĐ26.3 billion (US$1 million), raising MangoPlus’s charter capital to almost VNĐ70 billion. Following the investment, YeaH1 will maintain its 100 per cent ownership stake in MangoPlus.

MangoPlus is expected to play a key role in exclusive partnerships with major content providers in the region, focusing on introducing and localising leading global entertainment formats.

The initiative forms part of a long-term collaboration agreement between YeaH1 and Mango TV, a major content creation company based in China. Through the partnership, MangoPlus will hold exclusive rights to exploit international intellectual property formats. 

Bizhub