Singapore, Sept. 12, 2025 (GLOBE NEWSWIRE) -- YY Group Holding Limited (Nasdaq: YYGH) (“YY Group” or the “Company”) today announced the closing of its previously announced registered direct offering of 9,523,812 Class A ordinary shares (the “Class A Ordinary Shares”) and warrants to purchase up to 14,285,718 Class A Ordinary Shares. The Company received gross proceeds of approximately $4.0 million, before deducting placement agent fees and other offering expenses. The ordinary shares were sold at a price of ...

Core Insights - Dexterra Group Inc. has appointed David Lambert as President of Dexterra USA, who will be instrumental in shaping the company's U.S. strategy and expanding its Integrated Facility Management (IFM) market presence [1][3]. Company Overview - Dexterra employs over 9,000 people and provides a range of support services for the creation, management, and operation of infrastructure across Canada and the U.S. [3]. - The company offers integrated facilities management services, workforce accommodation solutions, and other support services for diverse clients in both public and private sectors [4]. Leadership Background - David Lambert has over 20 years of executive experience, previously serving as President of IFM & Trades at Vixxo and holding senior roles at Accenture, IBM, and Cognizant [2]. - Lambert holds a Bachelor of Science in Engineering from the United States Military Academy at West Point and has completed executive education at Harvard Business School and Wharton [2]. Strategic Goals - The company aims to drive growth and profitability under Lambert's leadership, enhancing operational capabilities and establishing a strong foundation for long-term success [3].

Singapore, July 31, 2025 (GLOBE NEWSWIRE) -- YY Group Holding Limited (NASDAQ: YYGH) (“YY Group,” “YYGH,” or the “Company”), a global leader in on-demand workforce solutions and integrated facility management (IFM), recently shared key insights during a featured segment on MoneyFM 89.3’s “Money Matters”, hosted by Hongbin Jeong. The interview offered rare insights into YY Group’s journey from a Singapore-based SME to a NASDAQ-listed technology-enabled services platform. Speaking on the company’s founding et ...

Core Insights - YY Group Holding Limited has announced the acquisition of Pesticide Pest Control Pte. Ltd., which will be rebranded as Pest Fighter Management Pte. Ltd., enhancing its integrated facility management (IFM) capabilities [1][2][8] Group 1: Acquisition Details - The acquisition is expected to close on July 1, 2025, marking a significant step in YY Group's growth strategy [2] - Pest Fighter will enhance YY Group's service offerings, including pest control, cleaning, landscaping, maintenance, and security, creating a more comprehensive IFM service portfolio [3][4] Group 2: Strategic Integration - The integration of Pest Fighter is part of YY Group's broader strategy to create a fully integrated IFM ecosystem, supported by the proprietary digital platform 24iFM [5][8] - This acquisition follows previous strategic acquisitions, including Property Facility Services and Uniforce Security, aimed at expanding YY Group's operational capabilities [7][8] Group 3: Financial Outlook - YY Group projects that the integration of Pest Fighter will significantly contribute to its revenue growth, with annual revenue expected to rise from S$26.3 million in 2023 to S$96.0 million by 2028, reflecting a compound annual growth rate of 29.1% [9] - The acquisition is anticipated to improve client retention, enhance the value of bundled services, and increase profit margins [10] Group 4: Vision and Commitment - YY Group aims to revolutionize the IFM sector through innovation and synergy, positioning itself as a preferred partner for property managers and institutional clients [11] - The company emphasizes its commitment to service excellence, operational innovation, and long-term value creation for clients and shareholders [16]

Core Insights - YY Group Holding Limited has acquired the Managing Facilities Applications, rebranding it as 24IFM, to strategically expand into the property and facility management sector, diversifying service offerings and creating new revenue streams through application subscriptions [1][3] Company Overview - YY Group is a technology-enabled platform headquartered in Singapore, providing flexible workforce solutions and integrated facility management (IFM) services across Asia and beyond, operating in sectors such as hospitality, logistics, retail, and healthcare [13][14] Product Features - 24IFM is designed to streamline property and facility management for managing agents and homeowners, offering features such as facility booking, property insights, service marketplaces, and automated invoicing with online payments, enhancing user convenience [2][12] Market Potential - The integrated facility management market in Singapore is projected to grow from US$3.65 billion in 2025 to US$4.25 billion by 2030, with a compound annual growth rate (CAGR) of 3.1%, indicating a strong demand for digital transformation in property management [8] - 24IFM is expected to generate approximately US$13.24 million in revenue by 2029, highlighting its market potential and strategic importance for YY Group [9] Strategic Vision - The acquisition of 24IFM aligns with YY Group's long-term goal of delivering value-added services and tapping into new revenue opportunities, enhancing the company's IFM capabilities [3][4] Future Development - YY Group's Operations and IT teams are working on a roadmap for further app development to ensure a seamless transition for users and maintain a competitive edge through continuous enhancement of the platform's functionality and user experience [10]