Yeah1 Group Corporation listed more than 27.36 million of its shares on the HCM Stock Exchange on June 26, becoming the first ever entertainment company to list. (Photo: tuoitre.vn) HCM City (VNS/VNA) - Yeah1 Group Corporation listed more than 27.36 million of its shares on the HCM Stock Exchange (HOSE) on June 26, becoming the first ever entertainment company to list. YEG listed at a reference price of 250,000 VND (10.9 USD), beating the previous records held by Sabeco and Vinamilk. By 10:45 it increased to 300,000 VND. At that time the company’s market cap was worth 8.82 trillion VND (385.1 million USD). Established in 2006, Yeah1 runs a bunch of entertainment channels including Yeah1TV, Yeah1family, Imovietv, and SCTV2. Le Thi Tuyet Hang, Director of the Exchange’s Listing and Disclosure Department, said the listing would help promote the company’s image and prestige and facilitate further capital mobilisation down the line. HOSE expects it to scrupulously … [Read more...] about Entertainment company Yeah1 lists 27 mln shares on HOSE
Entertainment
First local entertainment firm listed on stock exchange
First local entertainment firm listed on stock exchangeBy Tam An Yeah1 Group on June 26 began trading over 27.3 million shares on HOSE - PHOTO: TAM AN HCMC – Yeah1 Group, a Vietnamese communication and entertainment firm, on June 26 began trading over 27.3 million shares on the Hochiminh Stock Exchange (HOSE) with the reference price fixed at VND250,000 per share. Yeah1 Group, which was established in 2006 as an entertainment website serving the youth, operates in the television sector and has a digital foundation, with multiple streams of content on YouTube and Google. It also provides advertising and copyright services. The firm is now seeing robust growth, boasting many subsidiaries, and has injected capital into some joint ventures. … [Read more...] about First local entertainment firm listed on stock exchange
Theatres stage new plays to entertain Hanoian children during summer
The Tuoi Tre (Youth) Theatre recently introduced three new plays, entitled ‘Nang Tien Ca’ (The Little Mermaid), ‘Niem Vui Cua Dam Ga Nha’ (The Joy of Chickens), and ‘Can Bep Dai Chien’(Kitchen Clash), to entertain children this summer. A scene from ‘The Joy of Chickens’ play Developed from the fairy tale of the same name by Danish author Hans Christian Andersen, ‘The Little Mermaid’ play invites children to a beautiful ocean world with popular characters: the little mermaid, King Triton, the red Jamaican crab Sebastian, and sea witch Morgana. Meanwhile, ‘The Joy of Chickens’ tells the stories of a group of chickens who unite to overcome their difficulties. The last play, ‘Kitchen Class’ features the confrontations between a brave little cat and the sly rats in the kitchen. In a same effort to bring joy to children during summer, the Star Galaxy Theatre has launched a theatre … [Read more...] about Theatres stage new plays to entertain Hanoian children during summer
Developer of $2.2 billion Happyland entertainment complex face a massive fine
The Long An Department of Construction is considering issuing a fine to Phu An JSC due to violations in arbitrarily transferring land in the Happyland entertainment complex. The investor of $2.2 billion Happyland entertainment complex may pay a massive fine. Source:Tuoitrenews Nguyen Van Hung, director of the department, told Tuoitrenews that the developer arbitrarily transferred land plots in the Happyland complex as construction took place without a licence. Previously in March, Phu An was detected to transfer 1,655 land plots with the total area of 27.4 hectares for VND959.7 billion to RRP Vietnam JSC. Then, RRP Vietnam transferred the land use right over these land plots to Minh Phu Long An Co., Ltd., which in turn transferred them to Viet Hung Phat Investment JSC. The Long An People’s Committee asked Phu An to stop transferring the land plots in the Happyland complex to other firms because it had yet to complete the procedures to receive the construction permit … [Read more...] about Developer of $2.2 billion Happyland entertainment complex face a massive fine
Saudi king to launch ’entertainment city’
Viet Nam News RIYADH — Saudi King Salman will launch the construction of an "entertainment city" near Riyadh on Wednesday, authorities said, part of a series of multi-billion dollar projects as the kingdom seeks to diversity its oil-reliant economy. The 334-square kilometre project in Qiddiya, southwest of Riyadh, would rival Walt Disney and include high-end theme parks, motor sport facilities and a safari park, officials say. The facility highlights a "relentless effort to develop giga-projects that will help achieve many direct and indirect economic returns", project official Fahd bin Abdullah Tounsi was quoted as saying in a government statement on April 22. Qiddiya chief executive Michael Reininger said he expects the project will draw foreign investors in entertainment and other sectors, but did not specify the total cost of construction. Such projects are the brainchild of Crown Prince Mohammed bin Salman, a self-styled liberal change agent who is the chief … [Read more...] about Saudi king to launch ’entertainment city’