On - demand workforce
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YY Group Repurchases Outstanding Warrants from Holders
Prnewswire· 2026-01-28 13:30
Core Insights - YY Group Holding Limited has reached an agreement to redeem all outstanding warrants, enhancing its capital structure and removing potential dilution [1][2] - The company will repurchase warrants for up to 14,285,718 Class A ordinary shares at a price of $0.06 per share, which is expected to strengthen its financial foundation for long-term growth [1] - The CEO expressed gratitude to warrant holders, indicating their confidence in the company's growth strategy and potential [2] Company Overview - YY Group Holding Limited is a technology-enabled platform based in Singapore, providing flexible workforce solutions and integrated facility management (IFM) services across Asia and beyond [3][4] - The company operates in two main verticals: on-demand staffing and IFM, serving industries such as hospitality, logistics, retail, and healthcare [3] - YY Group leverages proprietary digital platforms and IoT-driven systems to help clients manage fluctuating labor demands and maintain high-performance environments [4] Strategic Positioning - The company is committed to service excellence, operational innovation, and long-term value creation for clients and shareholders [4] - YY Group has a growing presence not only in Singapore and Malaysia but also in Asia, Europe, Africa, Oceania, and the Middle East [4]
YY Group Reports 65% Quarterly Growth in UAE and Expands Operations to Perth, Australia
Globenewswire· 2025-08-15 12:30
Core Insights - YY Group Holding Limited has officially launched YY Circle Perth, marking its expansion into Australia's casual workforce market, which is estimated at 2.4 million workers and a market size of approximately AUD 150 billion (around US$97.5 billion) [1][2] - The company aims to achieve potential revenues of AUD 11.6 million (approximately US$7.5 million) in Australia by 2027, focusing on cities with strong seasonal labor demand [3][5] - YY Group plans to leverage its technology-driven platform and proven operational model to secure contracts with enterprise-level clients in high-demand sectors [5][9] Market Dynamics - Australia's casual workforce represents about 21.3% of the total labor force, indicating a significant opportunity for YY Group to replicate its successful on-demand workforce model [2][5] - The company’s entry strategy includes targeting metropolitan areas with dense hospitality, tourism, and service sectors, which are expected to drive labor demand [3][4] Operational Strategy - YY Group's operational playbook has shown success in the Middle East, with YY Circle UAE experiencing a 65% revenue increase in the first two quarters of 2024 compared to the last quarter of 2024 [6] - The company plans a phased expansion into additional metropolitan areas in Australia, integrating its operations with global systems for enhanced efficiency [4][8] Technology and Innovation - YY Group is investing in platform enhancements such as AI-powered scheduling and automated compliance management to improve client outcomes and operational efficiency [8] - The company’s technology leadership and strategic market selection position it well to capture a significant share of the global flexible workforce market [9]