MEDIA

Recent press releases

JUNE 19, 2019:

YUUZOO’S SELLS PART OF STREAMING VIDEO SUBSIDARY YUUFLIX FOR 3 MILLION USD,

VALUING SUBSIDIARY AT 100 MILLION USD

Bangkok,19th June 2019: Singapore-listed investment holding company YuuZoo Corporation Limited (“YuuZoo” or “the Company”) (SGX: AFC) today announced that during the time the shares of the Company have been suspended, it has received a 3 MUSD (4.1 million SGD) investment from a large foreign investor. The investor has received a 2.91% ownership in YuuFlix, corresponding to a valuation of 100 MUSD (SGD 137 million) for the subsidiary. The investment has been fully paid.

YuuFlix has for its streaming video service signed agreements with more than 60 content partners in multiple countries who supply YuuFlix with content in the areas of entertainment, fashion, beauty, lifestyle, documentaries and gaming.

As part of its video and content strategy, YuuZoo had earlier acquired France’s leading DVD distributor Cinram France. Cinram France held distribution agreements with several leading global movie studios such as Universal, Fox, Warner etc. The plan was to expand these relationships to also include YuuFlix.  

As a result of the share trading suspension imposed on YuuZoo by SGX, the Company however lost its French investment.

YuuFlix therefore decided to focus on local independent content. Unlike many other video and movie platforms, such as Netflix, iFlix, HBO Go and IndieFlix, YuuFlix provides an interactive platform where consumers can buy and view content under various usage models including subscription, (SVOD), advertising-supported (AVOD) and transactional single content downloads (TVOD).  YuuFlix is in discussions with value-adding local marketing partners in several markets in Asia, Africa and Europe.

JUNE 6, 2019:

INDONESIAN CONGLOMERATE BUYS 3.23% STAKE IN YUUZOO’S PAYMENT SUBSIDARY FOR 5 MILLION USD,

VALUING THE SUBSIDARY AT 150 MILLION USD

Singapore, 6th June 2019: Singapore-listed investment holding company YuuZoo Networks Group Corporation (“YuuZoo” or “the Company”) (SGX:AFC) today announced that it during the time the shares of YuuZoo have been suspended from trading has signed an investment agreement for the sale of a 3.23% stake in YuuZoo’s fully owned payment subsidiary YuuPay Secure for 5 million USD to an Indonesian conglomerate. The cash payment has been received in full.

YuuZoo’s payment services in 2016-17 generated revenues of over 60 million SGD. The revenues were primarily generated through YuuCollect, an innovative new payment service which has been developed inhouse. YuuCollect is a proprietary offline payment ecosystem that brings global payment capabilities to underserved consumers who do not have credit or debit cards. Through YuuCollect a cardless consumer in Indonesia, where only 2% of a 265 million

population owns a credit card (www.bi.go.id), can from overseas merchants buy products for which a card and a KYC process normally would be required. Instead of having to use a credit or debit card that the consumer does not have, the YuuCollect ecosystem enables a KYC process to be performed and thereafter allows the consumer to pay offline for online services.

YuuPay is filing a patent application for the YuuCollect platform and ecosystem. The company is growing its global presence through a network of partners responsible for marketing and sales in their respective markets. YuuPay has also signed new agreements with merchants and banks for partnerships that cover online payments, e-wallets and new payment services.

YuuPay plans to base its operations in Thailand, Indonesia, Nigeria and China. The 5 million USD investment gives the Indonesian conglomerate a 3.23% ownership in the payment subsidiary, corresponding to a valuation of 150 million USD for YuuPay.