Yeah1 to Dissolve Technology Subsidiary Due to Strategic Misalignment

Yeah1 Group Joint Stock Company (Stock Code: YEG, HoSE) has issued an extraordinary disclosure regarding the resolution to dissolve its subsidiary, Digital Technology and Transformation Center LLC, in which Yeah1 holds a 51% equity stake.

The dissolution is scheduled to commence in December 2025, in compliance with legal procedures for corporate dissolution.

Established in 2020, Digital Technology and Transformation Center LLC was initially tasked with executing technology-related projects amid the digital transformation wave. However, this business segment no longer aligns with Yeah1’s strategic vision.

To streamline its corporate structure, the Board of Directors has decided to dissolve the subsidiary, enabling Yeah1 to focus on core objectives outlined in its business plan, as approved by the General Meeting of Shareholders.

At its inception, Digital Technology and Transformation Center LLC had a charter capital of VND 20 billion, with Yeah1 contributing VND 10.2 billion, equivalent to a 51% stake. Its primary business activities included computer consulting and system management.

In other developments, Pyn Elite Fund, a Finnish investment fund, recently reported changes in its substantial shareholding in Yeah1, holding over 5% of the company’s shares.

On November 24, 2025, Pyn Elite Fund acquired 792,600 YEG shares on the market, increasing its holdings from nearly 17.2 million to over 17.9 million shares. This raised its ownership stake from 8.94% to 9.36% of Yeah1’s capital.

Based on YEG’s closing price of VND 12,350 per share on November 24, 2025, the Finnish fund is estimated to have invested approximately VND 9.8 billion in this transaction.

In terms of financial performance, Yeah1 reported a consolidated revenue of nearly VND 1,067.8 billion for the first nine months of 2025, a 69.7% increase compared to the same period in 2024. Net profit after corporate income tax reached over VND 66.6 billion, up 19.5% year-on-year.

As of September 30, 2025, Yeah1’s total assets grew by 9.6% since the beginning of the year, reaching nearly VND 2,753.8 billion. Short-term receivables accounted for VND 1,252.6 billion, or 45.5% of total assets, while cash and cash equivalents stood at VND 202.1 billion.

On the liabilities side, total payables amounted to over VND 643.4 billion, a 36.5% decrease from the start of the year. Short-term and long-term loans totaled VND 251.4 billion, representing 39.1% of total liabilities.