STOCK TITAN

Massive CIGL (CIGL) share issuance completes YOOV merger, adds new co-CEO

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Concorde International Group Ltd. completed its merger with YOOV Group Holding Limited, making YOOV a wholly owned subsidiary. To close the deal, the company issued 200,000,000 new Class A ordinary shares to YOOV shareholders, significantly increasing its equity base.

Immediately after closing, total outstanding ordinary shares were 226,985,468, consisting of 206,674,356 Class A shares and 20,311,112 Class B shares. The company also appointed Wong Ling Yan Philip as director and co-chief executive officer and Tan Poh Chen Agnes as director.

Under a separate waiver agreement, Concorde and YOOV mutually waived a prior requirement to obtain shareholder approval before closing and instead committed to call an extraordinary general meeting within 60 days after closing to seek shareholder approval and/or ratification of the merger and related governance changes.

Positive

  • None.

Negative

  • None.

Insights

Large share issuance completes YOOV merger and reshapes control.

The company closed its merger with YOOV Group Holding Limited by issuing 200,000,000 new Class A shares to YOOV shareholders. Post-transaction, there are 226,985,468 ordinary shares outstanding, indicating a substantial increase versus the pre-merger base.

The waiver agreement is notable: both parties proceeded without obtaining shareholder approval beforehand and instead committed to hold an extraordinary general meeting within 60 days after closing to seek approval or ratification of the merger, amended memorandum and articles, and share reclassification. This sequence concentrates execution risk around the upcoming meeting outcome.

Governance is also evolving, with YOOV’s founder Wong Ling Yan Philip joining as director and co-CEO, and Tan Poh Chen Agnes joining as director. Future disclosures about the combined company’s financial performance and the results of the extraordinary general meeting will help clarify the long-term impact of this transaction.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of March 2026

 

Commission File Number: 001-42606

 

CONCORDE INTERNATIONAL GROUP LTD

(Exact Name of Registrant as Specified in Its Charter)

 

3 Ang Mo Kio Street 62, #01-49 LINK@AMK

Singapore 569139

(Address of Principal Executive Office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒    Form 40-F ☐

 

 

 

 

 

Completion of Merger

 

On March 18, 2026, Concorde International Group Ltd. (the “Company” or “CIGL”), completed the previously announced transaction with YOOV Group Holding Limited (“YOOV”), pursuant to an Agreement and Plan of Merger dated February 3, 2026 (the “Merger Agreement”) and a waiver agreement dated March 18, 2026 (the “Waiver Agreement”), by and between CIGL and YOOV. Upon the completion of the transaction, YOOV became a wholly owned subsidiary of the Company.

 

In connection with the closing of the Merger (the “Closing”), the Company has issued 200,000,000 newly issued Class A ordinary shares to shareholders of YOOV. Immediately after the Closing, the total number of the Company’s outstanding ordinary shares is 226,985,468 ordinary shares, comprising of 206,674,356 Class A ordinary shares and 20,311,112 Class B ordinary shares.

 

The foregoing description of the Merger, the Merger Agreement and the Waiver Agreement is not complete and is subject to and qualified in its entirety by reference to the full text of such documents, a copy of which are filed as Exhibits 10.1 and 99.1 hereto, respectively, and incorporated herein by reference.

 

Appointment of New Directors

 

Effective as of March 18, 2026, Wong Ling Yan Philip was appointed as director and co-chief executive officer of the Company, and Tan Poh Chen Agnes was appointed as director of the Company by the existing members of the board of directors (the “Board”) unanimously pursuant to the Second Amended and Restated Memorandum and Articles of the Company and the Merger Agreement.

 

Mr. Wong Ling Yan Philip, aged 45, founded YOOV in 2016 and currently is its chief executive officer and chairman of the board, overseeing the company’s overall corporate strategy, fundraising, and investor relations. Mr. Wong has more than 20 years of experience in real estate and information technology industries, undertaking core responsibilities including corporate finance and technology business development. Prior to YOOV, in 2012, he established several education centers in Hong Kong, which solidified his track record as a serial entrepreneur with a proven exit. Mr. Wong commenced his professional career in 2007 with Wachovia Bank and Wells Fargo Bank, where he focused on corporate and investment banking for real estate. Mr. Wong holds a Master of Business Administration from The Chinese University of Hong Kong and is also a registered professional surveyor.

 

Ms. Tan Poh Chen Agnes, aged 54, has served as an executive wealth manager at Infinity Financial Advisory Pte Ltd since 2024. Ms. Tan has over 20 years of experience in financial advisory and corporate risk consultancy. In her current capacity at Infinity Financial Advisory Pte Ltd, Ms. Tan specializes in insurance planning, investment advisory and corporate risk management. Prior to this appointment, from 2005 onwards, she worked at Manulife Singapore and Financial Alliance Pte Ltd, where she focused on delivering financial consultation services. Her professional qualifications include the Chartered Financial Consultant (ChFC, 2020), Associate Financial Consultant (AFC, 2016), Collective Investment Schemes II (M8A, 2013), Life Insurance & Investment-Linked Policies II (M9A, 2013), Collective Investment Schemes (M8, 2010), and Life Insurance & Investment-Linked Policies (M9, 2004).

 

1

 

EXHIBIT INDEX

 

Exhibit No.   Description
10.1   Agreement and Plan of Merger dated February 3, 2026, by and between the Company and YOOV Group Holding Limited
99.1   Waiver Agreement dated March 18, 2026, by and between the Company and YOOV Group Holding Limited

 

2

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: March 24, 2026 CONCORDE INTERNATIONAL GROUP LTD.
     
  By: /s/ Swee Kheng Chua
  Name:  Swee Kheng Chua
  Title: Chief Executive Officer and Chairman

 

3

 

Exhibit 99.1

 

WAIVER AGREEMENT

 

This WAIVER AGREEMENT (this “Waiver Agreement”) is made and entered into as of March 18, 2026, by and between:

 

(1)CONCORDE INTERNATIONAL GROUP LTD, a BVI business company incorporated under the laws of the British Virgin Islands (“CIGL”); and

 

(2)YOOV GROUP HOLDING LIMITED, a BVI business company incorporated under the laws of the British Virgin Islands (the “Target”).

 

CIGL and the Target are each referred to herein as a “Party” and collectively as the “Parties”.

 

RECITALS:

 

WHEREAS, the Parties entered into an Agreement and Plan of Merger dated February 3, 2026 (the “Merger Agreement”), pursuant to which the Target will merge with a wholly-owned subsidiary of CIGL;

 

WHEREAS, pursuant to Section 7.1(i) of the Merger Agreement, the respective obligations of each Party to effect the Merger and the other Transactions contemplated under the Merger Agreement are subject to the condition precedent that CIGL shall have obtained approval from its shareholders at a duly convened shareholders’ meeting for the CIGL Shareholder Matters (the “Shareholder Approval Condition”);

 

WHEREAS, the Parties have mutually determined that it is in their respective best interests to waive the Shareholder Approval Condition and proceed with the Closing of the Transactions; and

 

WHEREAS, the Parties have agreed that CIGL shall convene an extraordinary general meeting of its shareholders promptly after the Closing to approve and/or ratify the Merger Agreement, the Transactions and the adoption of the CIGL A&R MAA.

 

NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein and in the Merger Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows:

 

1. DEFINITIONS AND INTERPRETATION

 

1.1 Capitalized terms used in this Waiver Agreement but not otherwise defined herein shall have the meanings ascribed to them in the Merger Agreement.

 

1.2 References to Sections are to sections of this Waiver Agreement unless otherwise specified.

 

2. WAIVER OF CONDITION PRECEDENT

 

2.1 The Parties hereby mutually and unconditionally waive the Shareholder Approval Condition set forth in Section 7.1(i) of the Merger Agreement.

 

2.2 The Parties agree to proceed with the Closing of the Transactions in accordance with the terms of the Merger Agreement notwithstanding that the Shareholder Approval Condition has not been satisfied as of the date hereof.

 

2.3 This waiver is irrevocable and shall be effective upon execution of this Waiver Agreement by both Parties.

 

 

3. POST-CLOSING OBLIGATIONS

 

3.1 Notwithstanding the waiver of the Shareholder Approval Condition set forth in Section 2, CIGL covenants and agrees to call for an extraordinary general meeting of its shareholders (the “EGM”) within sixty (60) days after the Closing Date, or such other period as CIGL may determine.

 

3.2 The EGM shall be convened for the purpose of seeking shareholder approval and/or ratification of the following matters:

 

(a) the Merger Agreement and the Transactions contemplated thereunder (including the Merger);

 

(b) the adoption of the CIGL A&R MAA (and the CIGL Existing Share Reclassification contemplated thereby); and

 

(c) any other matters related to or in connection with the Transactions as may be required or advisable under applicable law or the organizational documents of CIGL.

 

3.3 CIGL shall use its commercially reasonable efforts to obtain the approval and/or ratification of the matters set forth in Section 3.2 at the EGM and shall keep the Target reasonably informed of the progress and outcome of such EGM.

 

4. EFFECT ON AGREEMENT

 

4.1 Except as expressly waived herein, all other terms, conditions, representations, warranties, covenants and agreements set forth in the Merger Agreement remain in full force and effect and are hereby ratified and confirmed by the Parties.

 

4.2 This Waiver Agreement shall form part of and be read together with the Merger Agreement. In the event of any conflict or inconsistency between the terms of this Waiver Agreement and the Merger Agreement, the terms of this Waiver Agreement shall prevail to the extent of such conflict or inconsistency.

 

5. MISCELLANEOUS

 

5.1 Governing Law. This Waiver Agreement shall be governed by and construed in accordance with the governing law provisions set forth in Section 10.7 of the Merger Agreement.

 

5.2 Notices. All notices and communications relating to this Waiver Agreement shall be given in accordance with Section 10.1 (Notices) of the Merger Agreement.

 

5.3 Counterparts. This Waiver Agreement may be executed in one or more counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument. Delivery of an executed counterpart of this Waiver Agreement by electronic transmission (including by email in PDF format) shall be as effective as delivery of a manually executed original counterpart.

 

5.4 Binding Effect. This Waiver Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors and permitted assigns in accordance with Section 10.11 (Assignment) of the Merger Agreement.

 

5.5 Entire Agreement. This Waiver Agreement, together with the Merger Agreement and the other Transaction Documents, constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior agreements, understandings, negotiations and discussions, whether oral or written, between the Parties relating to such subject matter.

 

[Signature page follows]

 

2

 

IN WITNESS WHEREOF, the Parties have executed this Waiver Agreement as of the date first written above.

 

CONCORDE INTERNATIONAL GROUP LTD

 

By: /s/ Chua Swee Kheng  
Name: Chua Swee Kheng  
Title: Chief Executive Officer  

 

YOOV GROUP HOLDING LIMITED

 

By: /s/ Wong Ling Yan Philip  
Name: Wong Ling Yan Philip  
Title: CEO  

 

SIGNATURE PAGE TO WAIVER AGREEMENT

 

3

 

FAQ

What major transaction did CIGL (CIGL) report in its March 2026 Form 6-K?

Concorde International Group Ltd. completed its merger with YOOV Group Holding Limited, making YOOV a wholly owned subsidiary. The merger was effected by issuing 200,000,000 new Class A ordinary shares to YOOV shareholders, significantly expanding CIGL’s total outstanding share count.

How did the YOOV merger change CIGL (CIGL)'s share count and structure?

Following the merger, CIGL had 226,985,468 ordinary shares outstanding, comprising 206,674,356 Class A shares and 20,311,112 Class B shares. This reflects the issuance of 200,000,000 new Class A ordinary shares to YOOV shareholders at closing.

Did CIGL (CIGL) obtain shareholder approval before closing the YOOV merger?

No. CIGL and YOOV mutually waived the pre-closing shareholder approval condition under their merger agreement. Instead, CIGL committed to call an extraordinary general meeting within 60 days after closing to seek shareholder approval and/or ratification of the merger and related matters.

What post-closing shareholder actions are planned by CIGL (CIGL) after the YOOV merger?

CIGL will convene an extraordinary general meeting within 60 days after closing to seek shareholder approval and/or ratification of the merger, the related transactions, adoption of an amended and restated memorandum and articles, and an existing share reclassification.

What leadership changes accompanied the YOOV merger at CIGL (CIGL)?

Effective March 18, 2026, Wong Ling Yan Philip, YOOV’s founder and CEO, became a director and co-chief executive officer of CIGL. Tan Poh Chen Agnes was also appointed as a director, expanding the company’s board with new expertise.

What is the purpose of the waiver agreement between CIGL (CIGL) and YOOV?

The waiver agreement formally waives the merger agreement’s shareholder approval condition, allowing closing without prior approval. It also obligates CIGL to use commercially reasonable efforts to obtain shareholder approval and/or ratification of the merger and governance changes at a later extraordinary general meeting.

Filing Exhibits & Attachments

2 documents