YY Group Holding Appoints New Independent Director
Ticker: YYGH · Form: 6-K · Filed: May 31, 2024 · CIK: 1985337
| Field | Detail |
|---|---|
| Company | Yy Group Holding Ltd. (YYGH) |
| Form Type | 6-K |
| Filed Date | May 31, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $18,000, $60,000, $30,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-composition, corporate-governance, director-appointment, audit-committee
TL;DR
YY Group shakes up board, appoints new audit chair effective June 1.
AI Summary
YY Group Holding Limited announced on May 30, 2024, the termination of independent directors Marco Baccanello and Fern Ellen Thomas. Effective June 1, 2024, Mr. Chan Yong Xian was appointed as an independent director and chair of the audit committee.
Why It Matters
Changes in board composition and audit committee leadership can signal shifts in corporate governance and oversight.
Risk Assessment
Risk Level: low — This filing primarily concerns routine board appointments and terminations, with no immediate financial implications.
Key Players & Entities
- YY Group Holding Limited (company) — Registrant
- Marco Baccanello (person) — Terminated Independent Director
- Fern Ellen Thomas (person) — Terminated Independent Director
- Chan Yong Xian (person) — Appointed Independent Director and Chair of the Audit Committee
- May 30, 2024 (date) — Date of director terminations
- June 1, 2024 (date) — Effective date of new director appointment
FAQ
Who were the independent directors whose appointments were terminated?
Marco Baccanello and Fern Ellen Thomas had their appointments as independent directors terminated.
When were the terminations of Marco Baccanello and Fern Ellen Thomas effective?
The terminations were previously disclosed on May 30, 2024.
Who has been appointed as a new independent director?
Mr. Chan Yong Xian has been appointed as an independent director.
What is Mr. Chan Yong Xian's new role and effective date?
Mr. Chan Yong Xian was appointed as an independent director and chair of the audit committee, effective June 1, 2024.
What is the company's principal executive office address?
The company's principal executive offices are located at 60 Paya Lebar Road #09-13/14/15/16/17 Paya Lebar Square Singapore 409051.
Filing Stats: 1,139 words · 5 min read · ~4 pages · Grade level 13 · Accepted 2024-05-31 16:00:07
Key Financial Figures
- $18,000 — to receive an annual compensation of US$18,000, effective June 1, 2024. The biographi
- $60,000 — eph R. “Bobby” Banks from US$60,000 to US$30,000, effective June 1, 2024.
- $30,000 — ;Bobby” Banks from US$60,000 to US$30,000, effective June 1, 2024. 2 Exhibit In
Filing Documents
- ea0207178-6k_yygroup.htm (6-K) — 19KB
- ea020717801ex10-1_yygroup.htm (EX-10.1) — 27KB
- ea020717801ex10-2_yygroup.htm (EX-10.2) — 27KB
- ea020717801ex10-3_yygroup.htm (EX-10.3) — 25KB
- ea020717801ex10-4_yygroup.htm (EX-10.4) — 27KB
- ex10-1_001.jpg (GRAPHIC) — 3KB
- ex10-2_001.jpg (GRAPHIC) — 3KB
- ex10-3_001.jpg (GRAPHIC) — 3KB
- ex10-4_001.jpg (GRAPHIC) — 3KB
- 0001213900-24-048433.txt ( ) — 146KB
SIGNATURES
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 hereunto duly authorized. YY Group Holding Limited Date: May 31, 2024 By: /s/ Fu Xiaowei Name: Fu Xiaowei Title: CEO 4