YuuZoo Reveals Strong Pipeline, New Divisional Structure and Strong Earnings Potential in SIAS Dialogue Session
SINGAPORE, March 9, 2018 (Newswire.com) - Singapore-listed YuuZoo Corporation Limited (“YuuZoo” or “the Company”) (SGX: AFC) last week announced a positive cash flow for Q4/2017 and a strong EBITDA for FY 2017. Yesterday, YuuZoo 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 five geographical regions run from five geographic regional head offices and revealed a robust pipeline of new projects with a strong earnings potential.
In Shanghai, China the company in December announced the signing of a framework agreement for the development and management of a massive Smart City real estate project called “Nordic Sports Town” in Harbin. YuuZoo is subject to a final detailed agreement to be signed by June 2018 the latest. YuuZoo, alongside its Chinese joint venture partner, plans to develop an 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 the current market price for 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 a joint venture with the former management of Cinram, one of France’s leading entertainment sector logistics companies. The assets include 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 wholly owned building with warehouses and offices that sits on 60,000 sqm of wholly 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 e-commerce 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 e-commerce could represent a 20-fold revenue increase for the current business. This expansion could, according to 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 thoroughly localized 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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Source: YuuZoo Corporation Limited