YY Group Holding Ltd. Enters Share Purchase Agreement
Ticker: YYGH · Form: 6-K · Filed: Sep 24, 2024 · CIK: 1985337
| Field | Detail |
|---|---|
| Company | Yy Group Holding Ltd. (YYGH) |
| Form Type | 6-K |
| Filed Date | Sep 24, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $1,298,250, $1,012,458, $285,792 |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-purchase, corporate-action, board-approval
TL;DR
YY Group Holding Ltd. just signed a share purchase deal, details TBD.
AI Summary
On September 13, 2024, YY Group Holding Limited entered into a share purchase agreement, as approved by its Audit Committee and Board of Directors. The filing does not specify the counterparty, the number of shares, or the purchase price involved in this transaction.
Why It Matters
This filing indicates a significant corporate action, a share purchase, which could impact the company's ownership structure and future financial performance.
Risk Assessment
Risk Level: medium — The lack of specific details regarding the share purchase agreement introduces uncertainty about its financial implications and strategic importance.
Key Players & Entities
- YY Group Holding Limited (company) — Filer of the 6-K report and party to the share purchase agreement.
- September 13, 2024 (date) — Date the share purchase agreement was entered into.
FAQ
What is the specific nature of the share purchase agreement entered into by YY Group Holding Limited?
The filing states that YY Group Holding Limited entered into a share purchase agreement on September 13, 2024, but does not provide specific details about the nature of the shares or the transaction.
Who are the parties involved in the share purchase agreement?
The filing identifies YY Group Holding Limited as a party to the agreement but does not name the other party involved in the share purchase.
What was the approval process for this share purchase agreement?
The share purchase agreement was approved by the Audit Committee and the Board of Directors of YY Group Holding Limited.
Does YY Group Holding Limited file annual reports under Form 20-F or Form 40-F?
Yes, YY Group Holding Limited indicates it files annual reports under cover of Form 20-F.
Is YY Group Holding Limited furnishing information under Rule 12g3-2(b)?
No, YY Group Holding Limited is not furnishing information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Filing Stats: 345 words · 1 min read · ~1 pages · Grade level 16.5 · Accepted 2024-09-24 17:00:02
Key Financial Figures
- $1,298,250 — for a total purchase consideration of US$1,298,250 (the “Share Purchase”), whi
- $1,012,458 — e Purchase”), which consists of US$1,012,458 in cash plus a settlement of US$285,792
- $285,792 — ,012,458 in cash plus a settlement of US$285,792 previously owed by the Vendor to the Co
Filing Documents
- ea0215473-6k_yygroup.htm (6-K) — 13KB
- ea021547301ex10-1_yygroup.htm (EX-10.1) — 77KB
- 0001213900-24-081464.txt ( ) — 91KB
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, thereunto duly authorized. YY Group Holding Limited Date: September 24, 2024 By: /s/ Fu Xiaowei Name: Fu Xiaowei Title: Chief Executive Officer, Chairman and Director 3