Australia's Macquarie Bank becomes major shareholder in Vietnam's Yeah1

Source image World Travel Guide

Australia’s Macquarie Bank has become a major shareholder in DFJ VinaCapital-backed entertainment group Yeah1 following the company’s listing debut at a record price of VND300,000 ($13.1) apiece.

In a disclosure on Ho Chi Minh City Stock Exchange, Macquarie Bank purchased over 1.572 million shares, equivalent to 5.74 per cent of Yeah1’s charter capital, becoming a major shareholder in the Vietnamese entertainment group.

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