YUUZOO’S SELLS PART OF STREAMING VIDEO SUBSIDARY YUUFLIX FOR 3 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.
About YuuZoo:
Listed on the mainboard of the Singapore Stock Exchange (SGX: AFC), YuuZoo is an investment
holdings company with its own offices in China, Nigeria and Thailand. YuuZoo has franchisees
who own and manage local YuuZoo franchise operations in an additional 17 countries in Asia,
Africa and Europe. All of YuuZoo’s subsidiaries and franchisees operate as legal entities with full
P&L responsibility. Subsidiary segments include payments, e-commerce, social networking,
logistics, streaming video, games as well as real estate development and management.

For media enquiries, please contact:
media@yuuzoo.com
Eve Thampetch
Media Relations,
YuuZoo Networks Group Corporation,
12 floor, Modern Town Building,
Sukhumvit 63 Ekkamai Rd, Khet Watthana,
Bangkok 10110, Thailand

YuuZoo is an online platform that combines social networking, e-commerce, and gaming. It helps customers set up their own social media sites and integrate it with YuuZoo’s or the customers’ own eco-systems. The platform also has advertising functionalities and a payment service provider called YuuPay.

This release was published on openPR.