Completion of Public Stock Offering, Yeah1 Increases Capital to Over 1,900 Billion VND

Yeah1 Group (YEG) recently announced the results of its public stock offering, successfully completed on March 11 by distributing over 54.8 million shares. Of these, 51.87 million shares were allocated to 5,793 local investors and the remainder to 3 others. Yeah1 raised nearly 547.9 billion VND from the offering, raising its charter capital to 1,918 billion VND. The offering aimed to enhance financial capacity, facilitate business activities, and restructure debts. Yeah1 expects to achieve a revenue of 1,100 billion VND and a profit of 105 billion VND in 2024, showing significant growth compared to the previous year. Total assets reached 2,492 billion VND, with liabilities increasing 2.1 times compared to the beginning of the year. March 21 is the final date to register for the 2025 Annual General Meeting, expected to be held in April 2025.