Yeah1 plans to issue shares to raise charter capital Multi-channel media group Yeah1 has announced a plan to issue nearly 62.56 million bonus shares at the rate of 200 per cent in 2019. Each shareholder will receive two new shares for every share he or she already owns. Bonus shares will be available to trade on the stock market after the issuance date. The share issuance will help Yeah1 triple its charter capital to VND938 billion (US$41.2 million) from its current VND312 billion. The value of the deal is nearly VND625.6 billion and the share issuance funding is taken from the company’s share premium recorded in its audited financial report for 2018. As of September 30, Yeah1 had VND1.13 trillion in its share premium and VND73 billion in undistributed post-tax profit. In the first nine months of the year, Yeah1 recorded VND1.03 trillion in revenue, up 111 per cent over the same period last year, and VND131.2 billion in post-tax profit, up 239 per cent. Yeah1 … [Read more...] about BUSINESS NEWS IN BRIEF 18/12
Main street in park city
Taxi stands piloted in HCM City
Viet Nam News Bảo Hoa In an effort to prevent taxis from driving around to pick up passengers and causing traffic congestion, at the beginning of this month the HCM City authorities launched a pilot programme placing five taxi stands at five locations in the downtown area of District 1. It was a well-intentioned move, but very few people have actually come to the stands, since it’s easy to hail a ride from anywhere thanks to apps like Grab. “Almost no one has approached the stand since it was put up,” a xe ôm (motorcycle taxi) driver standing near a taxi stand in front of the Galaxy cinema on Nguyễn Du Street told Lao Động (Laour) newspaper. “It’s probably because people don’t even know about this new model of taxi hailing,” he said. No taxi was seen picking up passengers at those designated spots either, Lao Động newspaper reported. For example, although a stand was put up right at the main entrance … [Read more...] about Taxi stands piloted in HCM City
Hue city hosts int’l cycling tournament Coupe De Hue
Coupe De Hue cycling tournament takes place on August 25-26, attractting over 700 local and foreign riders. (Photo: coupedehuecyclerace.com) Thua Thien-Hue (VNA) – The I-on Health Cup Race was held in Hue City, the capital of the central province of Thua Thien Hue on August 25 to kick start the Coupe De Hue cycling tournament, which attracts over 700 local and foreign riders. The I-on Health Cup Race includes two events stretching the two distances of 25.8 km and 43.7 km, starting from Phu Van Lau Park in Hue City. The tournament, running through August 26, also hosts the 138-km Gran Fondo Sportive Ride which centres around the historical Citadel. The tournament is an outdoor sportive activity for cycling and cross-country fans across Vietnam and in foreign countries, said Phan Tien Dung, Director of the provincial Department of Culture and Sports. The event also promotes cycling in Thua Thien – Hue and serves as an opportunity to introduce to foreign visitors the … [Read more...] about Hue city hosts int’l cycling tournament Coupe De Hue
Puppetry shows enjoy a revival in HCM City
A scene of shadow puppetry, a traditional form of art that has not been performed regularly (Photo: VNA) HCM City (VNS/VNA) – Ho Chi Minh City is seeing positive changes to the local puppetry scene, according to authorities. Phuong Nam Art Theatre, for example, recently renovated its two circuses in Go Vap district’s Gia Dinh Park and District 11’s Lu Gia residential area. “During the two locations’ maintenance period, circus and puppetry shows are still being performed via small tours held locally and in neighbouring areas,” Meritorious Artist Nguyen Duc The, Director of the Phuong Nam Art Theatre, said. On the occasion of Mid-Autumn Festival and the International Puppetry Festival in Hanoi in October, the theatre will stage new puppetry plays. Su Tich Con Muoi (Origin of the mosquito) is one of its latest plays, emphasising the value of family to young audiences. It tells a story of a poor, married … [Read more...] about Puppetry shows enjoy a revival in HCM City
Major cultural events in HCMC for Lunar New Year holiday
Around Town Major cultural events in HCMC for Lunar New Year holiday Hoang Phong Wednesday, Jan 31, 2018,22:08 (GMT+7) Major cultural events in HCMC for Lunar New Year holidayHoang Phong A calligrapher writes lucky words for customers - PHOTO: THANH HOA HCMC is preparing a variety of major cultural and entertainment activities at many places in the city center during the Lunar New Year (Tet) holiday, which begins on February 16 this year. Street of calligraphers One of the traditional events in the lead up to Tet holiday is Pho ong do (street of calligraphers) at the HCMC Youth Cultural House on Nguyen Thi Minh Khai and Pham Ngoc Thach streets. This year, the event will take place from February 2 to 15 (from the 17th to the 30th of the 12th lunar month). More than 30 calligraphers of different ages and in traditional Vietnamese costumes are ready at booths to write meaningful words for Tet at the request of customers. … [Read more...] about Major cultural events in HCMC for Lunar New Year holiday