YY Group Sets 50-for-1 Reverse Split for March 23, 2026 Listing Compliance
YY Group's board approved a 50-for-1 reverse stock split effective March 23, 2026, combining 207.4 million Class A shares into approximately 4.1 million shares under the existing ticker symbol. The move aims to satisfy Nasdaq's $1.00 minimum bid price requirement for continued listing.
1. Reverse Split Resolution
The board of directors resolved to effect a 50-for-1 reverse stock split of Class A ordinary shares, effective March 23, 2026. This consolidation will reduce outstanding shares from approximately 207.4 million to about 4.1 million and assign a new CUSIP of G9888Q111 while retaining the existing ticker.
2. Nasdaq Listing Compliance
The primary objective of the reverse split is to meet Nasdaq Capital Market’s $1.00 minimum bid price requirement, ensuring YY Group’s continued listing and preserving investor access to its shares.
3. Share Treatment and Voting Rights
No fractional shares will be issued; shareholders entitled to fractional interests will receive one full share instead. All post-split shares will have identical voting rights and maintain the same no-par value as prior to the split.
4. Business and Operations
YY Group provides technology-enabled on-demand staffing and integrated facilities management services across Asia and beyond. Its proprietary digital platform and IoT-driven systems support clients in hospitality, logistics, retail and healthcare, targeting operational efficiency and scalability.