Hong Ye Group Secured SGD$4.7M In Key Contracts, Breaking New Ground in Healthcare Facilities
07 November 2024 - 12:21AM
YY Group Holding Limited (NASDAQ: YYGH) (“YY Group”, “YYGH”, or the
“Company”), is proud to announce that its subsidiary, Hong Ye
Group, has secured several significant contracts with key clients,
solidifying the company’s role as a trusted provider of
comprehensive facility management services across diverse
industries.
Among these recent achievements is the company’s
first-ever main contract for a nursing home, awarded by Methodist
Welfare Service. This landmark contract not only enhances Hong Ye
Group’s portfolio but also underscores its commitment to providing
specialized care facility management solutions in Singapore.
Contract Highlights
Hong Ye Group has secured contracts totaling
SGD$4,698,449.00, awarded by esteemed clients across the
hospitality, corporate, and healthcare sectors. These new
agreements underscore the company's dedication to high-quality
facility management services and its expanding role in diverse
industries. Notably, this set of contracts includes Hong Ye Group’s
first-ever main contract for a nursing home, a milestone in the
company’s history as it enters the healthcare sector with a
specialized focus on eldercare facility management.
Through these contracts, Hong Ye Group will
oversee comprehensive facility management for Shangri-La Hotel, a
prestigious luxury hotel in Singapore, to ensure the highest
standards of maintenance and guest experience. The company will
also be responsible for the upkeep of Ninja Van's corporate office
facilities, enhancing workplace efficiency for one of Singapore's
leading logistics providers. Additionally, the nursing home
contract with Methodist Welfare Service marks Hong Ye Group’s entry
into a critical new sector, where it will create a safe, clean, and
comfortable environment tailored to the needs of elderly residents.
This project reflects Hong Ye Group’s commitment to adapting its
facility management expertise to meet the unique demands of the
healthcare industry and provide a nurturing space for senior
care.
A New Era in Facility
Management
The Methodist Welfare Service contract
symbolizes an important step forward for Hong Ye Group,
representing the company’s expansion into the healthcare and
eldercare facility sector. As Singapore’s population ages, the
demand for quality eldercare increases, making this contract a
strategic and timely addition to Hong Ye Group’s portfolio. This
project allows Hong Ye Group to extend its expertise and commitment
to quality into the field of eldercare, fostering environments that
promote dignity, safety, and well-being for residents.
Commitment to Excellence
"Our entry into the nursing home sector with the
Methodist Welfare Service contract is especially meaningful, as it
enables us to make a positive impact on the community by
contributing to the welfare of senior residents. We are honored to
be trusted by these esteemed clients, and we look forward to
setting new benchmarks in facility management standards," stated
Mike Fu, Chief Executive Officer and Executive Director of YY Group
Holding Limited.
These new contracts add to Hong Ye Group’s
expansive portfolio and further affirm its position as a preferred
facility management provider. As Hong Ye Group continues to evolve
and broaden its service offerings, the company remains committed to
delivering innovative, high-quality solutions that meet the unique
requirements of each client.
About YY Group Holdings Limited:YY Group
Holding Limited is a Singapore-based data and technology-driven
company that specializes in creating enterprise intelligent labor
matching services and smart cleaning solutions. Rooted in
innovation and a commitment to user-centric experiences.
For more information on the Company, please log on to
https://yygroupholding.com/.
About Hong Ye GroupHong Ye Group, a subsidiary
of YY Group Holding Limited, is renowned for its exceptional
facility management services, catering to a wide range of sectors
including hospitality, corporate, and healthcare. Known for its
high standards and commitment to quality, Hong Ye Group
continuously strives to enhance operational efficiency and customer
satisfaction through its integrated facility management
solutions.
Investor Contact:Phua Zhi Yong, Chief Financial
OfficerYY GroupEnquiries@yygroupholding.com
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