YY Group Holding Limited Class A (YYGH) has released an update.
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YY Group Holding Limited’s subsidiary, Hong Ye Group Private Limited, has secured a SGD 450,000 loan from Fu Xiaowei, a director and shareholder of YY Group, with an 8% interest rate per annum. The three-month term loan, intended for purchasing shares in YY Group Holding Limited, allows for early repayment without penalties. This strategic financial move aims to bolster the company’s market position without the risk of default repercussions, which may include immediate repayment demands.
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