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YY Group Holding Limited Class A ( (YYGH) ) has issued an announcement.
YY Group Holding Limited has announced its acquisition of Property Facility Services Pte. Ltd., a move that significantly bolsters its position in the Integrated Facility Management (IFM) industry. This acquisition, completed on February 3, 2025, is expected to enhance YY Group’s service offerings and market presence in Singapore, which is projected to reach a market size of USD 4.25 billion by 2030. The integration of PFS with YY Group’s existing divisions aims to create a comprehensive IFM division, projected to generate an additional US$28 million in revenue over the next three years. This strategic move aligns with YY Group’s focus on digital and operational enhancements, positioning the company to meet the rising demand for intelligent and sustainable facility management solutions.
More about YY Group Holding Limited Class A
YY Group Holding Limited is a Singapore-based company that leverages data and technology to provide enterprise intelligent labor matching services and smart cleaning solutions. The company is committed to innovation and delivering user-centric experiences.
YTD Price Performance: 5.14%
Average Trading Volume: 50,274
Technical Sentiment Consensus Rating: Strong Sell
See more insights into YYGH stock on TipRanks’ Stock Analysis page.
