YY Group acquires 95% stake in Singapore distributor Xtreme Solutions for S$4.5 million

M&A · Partnership
โดย GlobeNewswire·Read original
Summary · why it matters

YY Group Holding Limited has completed the acquisition of a 95% interest in Singapore-incorporated distributor Xtreme Solutions Pte. Ltd. for a total consideration of 4.5 million Singapore dollars, approximately 3.5 million US dollars, payable through 0.9 million Singapore dollars in cash and Class A ordinary shares valued at 3.6 million Singapore dollars subject to a 12-month lock-up period. Based on unaudited financial statements, the target generated revenue of approximately 6.0 million Singapore dollars and net profit of approximately 600,000 Singapore dollars in its financial year ended March 31, 2026. The bolt-on acquisition is expected to be accretive to YY Group's revenue and net profit in the first full quarter following completion. YY Group plans to modernize the target's digital sales channel through its subsidiary MediaPlus Venture Group and expand the business into overseas markets using its YY Circle platform, which has more than 500,000 members.

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Xtreme Solutions Pte. Ltd.Private▲ Positive
Capitalrelevance

Acquired by YY Group, providing liquidity and growth opportunities

MediaPlus Venture GroupPrivate▲ Positive
Demandrelevance

Plans to modernize Xtreme's digital sales channel and expand overseas using YY Circle platform

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