08 Mar YuuZoo Reveals Strong Pipeline, New Divisional Structure and Strong Earnings Potential in SIAS Dialogue Session
Singapore, 8 March 2018: Singapore-listed YuuZoo Corporation Limited (“YuuZoo” or “the Company”) (SGX: AFC) which last week announced a positive cashflow for Q4/2017 and a strong EBITDA for FY 2017, yesterday met with investors and shareholders at a SIAS (Securities Investors Association Singapore) dialogue session chaired by SIAS President David Gerald.
During the dialogue session, the Company informed investors about a new organizational structure with a focus on 5 geographical regions run from 5 geographical regional head offices, and revealed a strong pipeline of new projects with a strong earnings potential.
In China, where country operations are run from Shanghai, the company in December announced the signing of a framework agreement for the development and management of a huge Smart City real estate project called “Nordic Sport Town” in Harbin. YuuZoo is, subject to a final detailed agreement to be signed latest by June 2018, together with its Chinese joint venture partner to plan and develop a 85 hectares large river-fronting area of land located in Harbin’s new prime upmarket development area earmarked by the local government for high-end residential, commercial, tourism, education and sports real estate development. The project integrates with YuuZoo’s Smart City capabilities in areas such as eCommerce, ePayments, Social Networking and eReal estate management.
Based on current market price for prime real estate in Harbin, the market value of the real estate on the 85 hectares could when fully completed exceed 4 billion SGD.
In Southern and Central Europe, where operations are run from YuuZoo’s new office in Champenard in Northwestern France, the company recently announced it had acquired assets, in joint venture with the former management of Cinram, one of France’s leading entertainment sector logistics companies. The assets includes a logistics business focused at global entertainment and eCommerce brands such as Amazon, Sony Pictures, Universal Studios, Warner Bros., 20th Century Fox, Zalando and ASOS, and a fully owned building with warehouses and offices that sits on 60,000 sqm of fully owned land.
In the dialogue session YuuZoo revealed its plans to expand the operations in France from pure logistics operations to end-to-end digilogistics, where YuuZoo’s ecommerce platform, payment platform and new last mile-delivery capabilities can deliver a uniquely tailored user experience. With the revenue from pure logistics in France typically representing some 5% of the retail price, an expansion into end-to-end retail ecommerce could represent a 20-fold revenue increase for the current business. This could, based on 2017 sales numbers, bring the revenue of YuuZoo’s French operations to more than 600 million SGD annually, from the current entertainment products alone.
In addition to the China and Southern and Central European operations, YuuZoo also announced its new SouthEast Asian HQ in Thailand (sales) and Singapore (support functions), and its new African HQ in Nigeria.
Listed on the mainboard of the Singapore Stock Exchange (SGX: AFC), YuuZoo has offices in France, China, Nigeria, Thailand and Singapore. YuuZoo has built a mobile and online technology platform on which several in-house developed products in a unique, and for each market fully localised manner, offer hundreds of vertical social networks, eCommerce, gaming, video and payments. Through a global network of franchisees and marketing partners, the services cover several countries in Asia, Africa and Europe with a combined population of more than 4 billion. To see the YuuZoo platform and learn more about the company, log on to: http://www.yuuzoo.com.
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