MANILA – Vantage Equities (Vantage) has divested its shares from Yehey! Corporation (Yehey), a digital marketing company it owns, to focus on its businesses dealing in the finance industry.
Vantage sold its shares equal to 66.95% in the company, or P290 million, to an unnamed group of buyers represented by Attorney Alfonso Yap Go.
This will lead the company to operate only two business segments – mutual funds management and remittances. Other companies Vantage oversees are e-Business Services, Inc., eBiz Financial, iCurrencies, Inc., Philequity Balanced Fund, Inc., Philequity Foreign Currency Fixed Income, Inc., Phil Equity Dividend Yield Funds, Inc. and Philequity Management, Inc.
One of the country’s online pioneers by launching a web portal in 1998, Yehey remains relatively profitable, posting a 10% growth in net income for the first quarter to P2.2 million compared from last year.
