YY Group signs deal to buy 95% of Xtreme Solution for S$ 4.5 million
Reuters2026/08/13 20:38- YY Group Holding agreed to buy 95% of Singapore-based Xtreme Solution for SGD 4.5 million under a sale and purchase agreement dated Aug. 3, 2026.
- Payment mix includes SGD 900,000 cash, including a SGD 400,000 deposit already paid under a June 24, 2026 letter of intent.
- Remaining SGD 3.6 million to be settled in newly issued Class A ordinary shares, priced at 60% of a five-day Nasdaq average.
- Completion depends on due diligence, a valuation report, required corporate and third-party clearances, no material adverse change, and transfer waivers.
- Xtreme Solution’s issued capital is SGD 70,000; seller Ren Yinan holds 66,500 shares, with Soh Weilun holding the remaining 5%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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