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.
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