YY Group (YYGH) announced its official acquisition of the YY Circle Hong Kong outfit maintaining Anthony Ip as the Country Director and Co-founder. As part of this strategic move, YY Circle Hong Kong, which previously operated independently under the YY Circle brand through a platform fee arrangement, will now transition to being a majority-owned subsidiary of YY Group. This change strengthens YY Group’s presence in the region while retaining local expertise, with the current Country Director maintaining a 10% equity stake and continuing to lead operations to ensure seamless continuity and effective execution.
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