YY Group agrees to acquire majority stake in Xtreme Solution
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.
The remaining SGD 3.6 million is 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%.
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