CyberAgent Buying into Vietnam
CyberAgent has made another mobile content investment in Vietnam – with an est. half of 85M population under 30 – taking 3% of VMG Media.
It invested in share #1 mobility contents provider VMG company in Vietnam.
The Sy bar agent investment Ltd. (The headquarters: Shibuya Ward, Tokyo and President and Representative Director: Shinichi Saijo) that is the consolidated subsidiary of the Sy bar agent Ltd. (The headquarters: Shibuya Ward, Tokyo and President and Representative Director CEO: Susumu Fujita and Tokyo Stock Exchange Mothers listing: bond code 4751), the outstanding shares about 3% of VMG MediaJoint Stock Company (The address: Vietnamese Hanoi and representative: Nguyen Manh Ha) that did the delivery and the management business of mobile contents in the Socialist Republic of Viet Nam (hereafter, Vietnam) was acquired on March 30, 2010.
There is a great demand in the consumption market for young people from the population make-up that 30-year-old or less young people of 85 million people occupy some half the number in Vietnam, and the mobile contents market of 2009 in Vietnam is 60.9 billion yen, and 736 in 2012 It is expected that it reaches up to hundred million yen. (investigation in Asia Pacific Research Group 2008 six months)
VMG Media Joint Stock Company that our company invested is mobile contents enterprise of No.1 with the share of about 25% in the mobile contents market in Vietnam now this time. 2 of Vietnam named [mobifon] and the vina phone Government-run biggest carrier VNPT company with a large mobile phone carrier in the subsidiary has 37% of the stocks, and cooperation with these mobile phone carriers is continued and the remarkable growth is continued to the strong point.