Hong Ye Group Secured SGD$4.7M In Key Contracts, Breaking New Ground in Healthcare Facilities
YY Group Holding (NASDAQ: YYGH) announces its subsidiary, Hong Ye Group, has secured contracts worth SGD$4.7 million across hospitality, corporate, and healthcare sectors. The highlight is their first-ever nursing home main contract with Methodist Welfare Service, marking their entry into healthcare facility management. The contracts include facility management for Shangri-La Hotel and Ninja Van's corporate office. This expansion into eldercare facilities is particularly strategic given Singapore's aging population and increasing demand for quality senior care services.
YY Group Holding (NASDAQ: YYGH) annuncia che la sua controllata, Hong Ye Group, ha ottenuto contratti del valore di SGD$4,7 milioni nei settori dell'ospitalità, aziendale e della salute. Il punto culminante è il loro primo contratto principale per una casa di cura con il Methodist Welfare Service, segnando il loro ingresso nella gestione delle strutture sanitarie. I contratti includono la gestione delle strutture per il Shangri-La Hotel e l'ufficio corporate di Ninja Van. Questa espansione nei servizi per anziani è particolarmente strategica, dato l'invecchiamento della popolazione di Singapore e la crescente domanda di servizi di assistenza di qualità per gli anziani.
YY Group Holding (NASDAQ: YYGH) anuncia que su filial, Hong Ye Group, ha asegurado contratos por un valor de SGD$4.7 millones en los sectores de hospitalidad, corporativo y atención médica. El aspecto más destacado es su primer contrato principal para un hogar de ancianos con el Methodist Welfare Service, lo que marca su entrada en la gestión de instalaciones de salud. Los contratos incluyen la gestión de instalaciones para el Shangri-La Hotel y la oficina corporativa de Ninja Van. Esta expansión en las instalaciones de atención a personas mayores es particularmente estratégica dada la población envejecida de Singapur y la creciente demanda de servicios de cuidado senior de calidad.
YY Group Holding (NASDAQ: YYGH)는 자회사인 Hong Ye Group이 환대, 기업 및 의료 분야에서 SGD$4.7 백만 가치의 계약을 확보했다고 발표했습니다. 가장 눈에 띄는 것은 그들의 첫 번째 요양원 주요 계약인 Methodist Welfare Service와의 체결로, 의료 시설 관리에 진입하는 것을 의미합니다. 이 계약에는 Shangri-La Hotel과 Ninja Van의 기업 사무실에 대한 시설 관리가 포함됩니다. 싱가포르의 노령 인구 증가와 고품질 노인 돌봄 서비스에 대한 수요 증가를 고려할 때, 노인 돌봄 시설로의 이 확장은 특히 전략적입니다.
YY Group Holding (NASDAQ: YYGH) annonce que sa filiale, Hong Ye Group, a sécurisé des contrats d'une valeur de SGD$4,7 millions dans les secteurs de l'hospitalité, des entreprises et de la santé. L'un des points forts est leur premier contrat principal pour une maison de retraite avec le Methodist Welfare Service, marquant leur entrée dans la gestion des établissements de santé. Les contrats incluent la gestion des installations pour le Shangri-La Hotel et le bureau corporate de Ninja Van. Cette expansion dans les établissements de soins aux personnes âgées est particulièrement stratégique compte tenu du vieillissement de la population de Singapour et de l'augmentation de la demande pour des services de soins de qualité pour les seniors.
YY Group Holding (NASDAQ: YYGH) gibt bekannt, dass ihre Tochtergesellschaft, Hong Ye Group, Verträge im Wert von SGD$4,7 Millionen in den Bereichen Gastgewerbe, Unternehmensdienstleistungen und Gesundheitswesen gesichert hat. Das Highlight ist ihr erster Hauptvertrag für ein Altersheim mit dem Methodist Welfare Service, was ihren Eintritt in das Management von Gesundheitseinrichtungen markiert. Die Verträge umfassen die Facility-Management-Dienste für das Shangri-La Hotel und das Unternehmensbüro von Ninja Van. Diese Expansion in die Altenpflegeeinrichtungen ist insbesondere strategisch, angesichts der alternden Bevölkerung Singapurs und der steigenden Nachfrage nach hochwertigen Seniorenpflegeleistungen.
- Secured new contracts worth SGD$4.7M across multiple sectors
- Strategic expansion into healthcare sector with first nursing home contract
- Diversification of client portfolio including prestigious clients like Shangri-La Hotel
- None.
Insights
The secured contracts totaling
The diversification into healthcare facilities management, specifically nursing homes, positions YYGH strategically in Singapore's growing eldercare market. This sector expansion, combined with prestigious contracts from Shangri-La Hotel and Ninja Van, demonstrates strong client acquisition capabilities and market penetration across multiple industries. The contract mix suggests improved revenue stability and potential for margin expansion through operational synergies.
YYGH's entry into healthcare facility management through the Methodist Welfare Service contract is well-timed with Singapore's aging demographic trends. The country's elderly population is expected to reach
The company's experience in hospitality services through the Shangri-La contract could translate well into healthcare facilities management, where comfort and cleanliness are paramount. This cross-sector expertise positions YYGH competitively in the healthcare facilities market, with potential for securing additional contracts as Singapore expands its eldercare infrastructure.
SINGAPORE, Nov. 06, 2024 (GLOBE NEWSWIRE) -- 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
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 Group
Hong 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 Officer
YY Group
Enquiries@yygroupholding.com
FAQ
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