YY Group Holding Ltd. Expands Into Property Management with 24IFM Acquisition, Projects S$17.04 Million Revenue Boost

Reuters

06-14

YY Group Holding Ltd. Expands Into Property Management with 24IFM Acquisition, Projects S$17.04 Million Revenue Boost

YY Group Holding Limited (NASDAQ: YYGH) has announced the acquisition of the assets of Managing Facilities Applications, which will now operate under the brand name 24IFM. This strategic move marks YY Group's expansion into the property and facility management sector, diversifying its service offerings and creating a new revenue stream through application subscriptions. 24IFM is a comprehensive property and facility management app aimed at streamlining operations for managing agents and homeowners. The app's features include booking facilities, finding tutors and coaches, accessing property insights, and facilitating online payments. The acquisition is expected to generate S$17.04 million in revenue from Singapore's growing integrated facility management market by 2029. This announcement was made by YY Group Holding Limited on June 10, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. YY Group Holding Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-054221), on June 13, 2025, and is solely responsible for the information contained therein.

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