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YY Group Secures SGD 10.5 Million United Overseas Bank Facility, Cutting Finance Costs and Powering Expansion
Prnewswire· 2026-01-07 13:30
Core Insights - YY Group Holding Limited has secured a SGD 10.5 million banking facility from United Overseas Bank, in collaboration with Enterprise Singapore, to support its growth initiatives and financing needs in manpower outsourcing and integrated facilities management [1][2]. Financial Impact - The facility is expected to reduce YY Group's annual finance costs by approximately 8%, enhancing financial efficiency and supporting operational expansion [2]. Strategic Growth Initiatives - The funding will support the Company's IFM subsidiary, Hong Ye Group Pte Ltd, and its manpower outsourcing subsidiary, YY Circle (SG) Pte Ltd, providing flexible financing options for working capital needs [2]. - YY Group is expanding its on-demand staffing platform, YY Circle, into new markets including Australia, Europe, and Southeast Asia, while also completing key acquisitions to enhance its IFM capabilities [3]. Market Position and Reputation - The Company has secured new enterprise-level contracts and partnerships in the hospitality sector, reinforcing its reputation as a trusted partner in workforce and facilities management [3]. - YY Group operates through two core verticals: on-demand staffing and integrated facility management, serving industries such as hospitality, logistics, retail, and healthcare [4]. Technological Advancements - The Company leverages proprietary digital platforms and IoT-driven systems to help clients manage fluctuating labor demands and maintain high-performance environments [5].
YY Group Inks Landmark Deal with Leading Hong Kong Hotel Group
Prnewswire· 2025-10-07 12:22
Core Insights - YY Group Holding Limited's subsidiary, YY Circle HK, has signed a manpower support cooperation agreement with a leading Hong Kong hotel group, valued at over HKD 35 million, significantly expanding its hospitality industry footprint [1][2] - The partnership is expected to facilitate more than 50,000 worker engagements annually across various hotel departments, showcasing the company's extensive trained labor pool [2] - YY Circle HK has rapidly grown to provide manpower support services to over 30 hotels and catering groups in Hong Kong within just two years of operation [2] Company Overview - YY Group Holding Limited is a technology-enabled platform providing flexible workforce solutions and integrated facility management services across Asia and beyond, operating in sectors such as hospitality, logistics, retail, and healthcare [3][4] - The company leverages proprietary digital platforms and IoT-driven systems to help clients manage fluctuating labor demands and maintain high-performance environments [4] Industry Context - Hong Kong's casual labor market is valued at approximately US$16 billion and is transitioning towards a "manpower outsourcing" model, presenting significant growth opportunities for YY Group as a leading on-demand staffing provider [2] - The hospitality industry in Hong Kong is facing challenges such as flexible staffing needs and rising costs, creating demand for innovative staffing solutions that YY Group's tailored offerings can address [2]
YY Group Holding Limited(YYGH) - Prospectus(update)
2024-03-25 17:35
As filed with the Securities and Exchange Commission on March 25, 2024. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 5 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 YY Group Holding Limited (Exact name of Registrant as specified in its memorandum and articles of association) Not Applicable (Translation of Registrants name into English) 60 Paya Lebar Road #05-43 Paya Lebar Square Singapore 409051 +65 66046896 (Address, including zip code, and tel ...
YY Group Holding Limited(YYGH) - Prospectus(update)
2024-03-20 17:49
As filed with the Securities and Exchange Commission on March 20, 2024. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 4 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 YY Group Holding Limited (Exact name of Registrant as specified in its memorandum and articles of association) Not Applicable (Translation of Registrants name into English) British Virgin Islands 7363 Not Applicable (State or Other Jurisdiction of Incorporation or Organization) (Prim ...
YY Group Holding Limited(YYGH) - Prospectus(update)
2024-02-13 19:18
As filed with the Securities and Exchange Commission on February 13, 2024. Registration No. 333-275486 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 3 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 YY Group Holding Limited (Exact name of Registrant as specified in its memorandum and articles of association) Not Applicable (Translation of Registrants name into English) British Virgin Islands 7363 Not Applicable (Address, including zip code, and tel ...
YY Group Holding Limited(YYGH) - Prospectus(update)
2024-01-08 22:22
As filed with the Securities and Exchange Commission on January 8, 2024. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 2 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 YY Group Holding Limited (Exact name of Registrant as specified in its memorandum and articles of association) Not Applicable (Translation of Registrants name into English) British Virgin Islands 7363 Not Applicable (State or Other Jurisdiction of Incorporation or Organization) (Pri ...
YY Group Holding Limited(YYGH) - Prospectus(update)
2023-12-08 18:50
As filed with the Securities and Exchange Commission on December 8, 2023. Registration No. 333-275486 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 1 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 YY Group Holding Limited (Exact name of Registrant as specified in its memorandum and articles of association) Not Applicable (Translation of Registrants name into English) (Primary Standard Industrial Classification Code Number) British Virgin Islands 7 ...
YY Group Holding Limited(YYGH) - Prospectus
2023-11-13 17:32
As filed with the Securities and Exchange Commission on November 13, 2023. Registration No. 333-[●] UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 YY Group Holding Limited (Exact name of Registrant as specified in its memorandum and articles of association) Not Applicable (Translation of Registrants name into English) (Primary Standard Industrial British Virgin Islands 7363 Not Applicable (I.R.S. Employer Identificatio ...