YY Group Secures SGD 10.5 Million United Overseas Bank Facility, Cutting Finance Costs and Powering Expansion

YY Group (NASDAQ: YYGH) closed a SGD 10.5 million banking facility with United Overseas Bank, arranged with support from Enterprise Singapore, to fund its manpower outsourcing and integrated facilities management (IFM) businesses.

Rhea-AI Summary

YY Group (NASDAQ: YYGH) closed a SGD 10.5 million banking facility with United Overseas Bank, arranged with support from Enterprise Singapore, to fund its manpower outsourcing and integrated facilities management (IFM) businesses.

The facility is available on a drawdown basis to Hong Ye Group Pte Ltd and YY Circle (SG) Pte Ltd, is intended for working capital and expansion, and is expected to cut the Company's annual finance costs by approximately 8%, improving financial efficiency while supporting ongoing global growth and recent acquisitions.

Positive

• SGD 10.5M banking facility secured
• Expected annual finance cost reduction of ~8%
• Drawdown facility covers IFM and manpower subsidiaries
• Facility supports working capital and expansion initiatives

Negative

• None.

Argus Jan 7 session

-2.70% close to close Open Argus

Details

News Market Reaction – YYGH

On Jan 7, the day this news came out, YYGH closed 2.70% below the previous close.

Data tracked by StockTitan Argus for the Jan 7 session.

Key Figures

Banking facility size: SGD 10.5 million Finance cost reduction: 8%

Banking facility size

SGD 10.5 million

United Overseas Bank facility with Enterprise Singapore support

Finance cost reduction

8%

Expected annual reduction in finance costs from new facility

Historical Context

5 past events · Latest: Jan 05

5 events

1. Jan 05

   Geographic expansion

   24h Move

   +5.0%

   Expansion into Egypt’s hospitality market using YY Circle platform.

2. Dec 29

   AI partnership

   24h Move

   +2.4%

   Strategic AI video analytics distribution partnership in Singapore.

3. Dec 26

   Earnings update

   24h Move

   +7.8%

   Strong H1 2025 revenue and gross profit growth with expansion.

4. Dec 15

   Leadership change

   24h Move

   -7.5%

   Promotion of regional leader for Southeast Asia expansion plans.

5. Dec 08

   Leadership change

   24h Move

   -1.1%

   Creation of CPO role to drive product strategy and innovation.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

integrated facilities management, working capital

2 terms

integrated facilities management technical

"on-demand workforce solutions and integrated facilities management (IFM)"

A single, coordinated approach to running a company’s buildings and related services—like maintenance, cleaning, security, energy, and equipment—under one manager or contract so systems work together smoothly. Investors care because it can lower operating costs, cut risk, boost property value and tenant satisfaction, and make cash flows more predictable; think of it as one conductor keeping an orchestra in time rather than many soloists.

working capital financial

"providing a flexible financing option for YY Group's working capital needs"

Working capital is the money a business has available to cover its daily expenses, like paying bills and buying supplies. It’s like the cash in your wallet that helps you handle everyday costs; having enough ensures the business can operate smoothly without running into money shortages.

View in glossary

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

SINGAPORE, Jan. 7, 2026 /PRNewswire/ -- YY Group Holding Limited (NASDAQ: YYGH) ("YY Group" or the "Company"), a global leader in on-demand workforce solutions and integrated facilities management (IFM), today announced that it has closed a SGD 10.5 million banking facility with United Overseas Bank (UOB), issued in collaboration with Enterprise Singapore (EnterpriseSG), the Singaporean government agency for enterprise development, under their program designed to promote local business expansion. This facility strengthens the Company's ability to pursue strategic growth initiatives and supports financing needs across its manpower outsourcing and IFM businesses.

The facility includes financing for Hong Ye Group Pte Ltd, the Company's IFM subsidiary, and YY Circle (SG) Pte Ltd, its manpower outsourcing subsidiary in Singapore, available as needed on a drawdown basis, providing a flexible financing option for YY Group's working capital needs. It is expected to reduce YY Group's annual finance costs by approximately 8%, strengthening financial efficiency and supporting continued operational expansion.

Mike Fu, Chief Executive Officer and Executive Director of YY Group Holding Limited, commented, "We are deeply grateful to UOB, EnterpriseSG and the Government of Singapore for their trust and support. This partnership reflects their confidence in our business and marks a significant step forward in our growth journey. By enhancing both our cost of capital and financial flexibility, this facility positions us to accelerate key growth initiatives while optimizing cash flow management across our IFM and manpower operations, empowering us to deliver even greater value to our clients and stakeholders as we scale."

YY Group continues to expand globally and broaden its service portfolio through strategic moves across multiple regions and sectors. Over the past year, the Company has extended its on-demand staffing platform, YY Circle, to new markets across Australia, Europe, and Southeast Asia, while also completing key acquisitions to build out its IFM capabilities. The Group has also secured a host of new enterprise-level contracts and top-tier hospitality partnerships, reinforcing YY Group's reputation as a trusted workforce and facilities partner. Leveraging its proprietary technology platform, diversified service offerings, and disciplined execution, YY Group is steadily driving sustainable, global growth and creating long-term value for shareholders.

About YY Group Holding Limited

YY Group Holding Limited (Nasdaq: YYGH) is a Singapore-headquartered, technology-enabled platform providing flexible, scalable workforce solutions and integrated facility management (IFM) services across Asia and beyond. The Group operates through two core verticals: on-demand staffing and IFM, delivering agile, reliable support to industries such as hospitality, logistics, retail, and healthcare.

Leveraging proprietary digital platforms and IoT-driven systems, YY Group enables clients to meet fluctuating labor demands and maintain high-performance environments. In addition to its core operations in Singapore and Malaysia, the Group maintains a growing presence in Asia, Europe, Africa, Oceania and the Middle East.

Listed on the Nasdaq Capital Market, YY Group is committed to service excellence, operational innovation, and long-term value creation for clients and shareholders.

For more information on the Company, please visit https://yygroupholding.com/.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the YY Group Holding Limited's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. These factors include, but are not limited to, (i) growth of the hospitality market (ii) capital and credit market volatility, (iii) local and global economic conditions, (iv) our anticipated growth strategies, (v) governmental approvals and regulations, and (vi) our future business development, results of operations and financial condition. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. All information provided in this press release is as of the date of this press release, and YY Group Holding Limited undertakes no duty to update such information, except as required under applicable law.

Investor Contact

Jason Phua Zhi Yong, Chief Financial Officer
YY Group
enquiries@yygroupholding.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/yy-group-secures-sgd-10-5-million-united-overseas-bank-facility-cutting-finance-costs-and-powering-expansion-302653702.html

SOURCE YY Group Holding Limited

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What size and type of facility did YYGH secure on January 7, 2026?

YYGH secured a SGD 10.5 million banking facility with United Overseas Bank on January 7, 2026.

How will the UOB facility affect YYGH's finance costs and cash flow?

The facility is expected to reduce YYGH's annual finance costs by approximately 8% and improve working capital flexibility.

Which YYGH subsidiaries are covered by the new UOB facility?

The facility covers Hong Ye Group Pte Ltd (IFM) and YY Circle (SG) Pte Ltd (manpower outsourcing).

Is the SGD 10.5M facility immediately available or on drawdown for YYGH?

The facility is available on a drawdown basis, providing flexible access as needed for working capital.

Does the YYGH UOB facility support the company's expansion plans in 2026?

Yes; the company said the facility strengthens its ability to pursue strategic growth initiatives and operational expansion.

Who collaborated with UOB to arrange the YYGH facility?

The facility was issued in collaboration with Enterprise Singapore, the Singapore government agency for enterprise development.