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YY Group Announces Pricing of Registered Offering of Ordinary Shares and Warrants
Globenewswire· 2025-09-10 13:38
Core Viewpoint - YY Group Holding Limited has announced a registered offering of 6,666,668 ordinary shares at a price of $0.60 per share, along with warrants to purchase 10,000,002 ordinary shares at an exercise price of $0.80 per share, expected to generate approximately $4.0 million in gross proceeds [1][2]. Group 1: Offering Details - The offering is expected to close on or about September 11, 2025, subject to customary closing conditions [3]. - The offering is made pursuant to the Company's shelf registration statement filed with the U.S. Securities and Exchange Commission on April 23, 2025 [3]. - FT Global Capital, Inc. is acting as the exclusive placement agent for the offering [4]. Group 2: Use of Proceeds - The net proceeds from the offering are expected to be used for working capital and general corporate purposes [2]. Group 3: Company Overview - YY Group Holding Limited is a technology-enabled platform providing flexible workforce solutions and integrated facility management services across Asia and beyond [6]. - The Group operates through two core verticals: on-demand staffing and integrated facility management, serving industries such as hospitality, logistics, retail, and healthcare [6]. - The company leverages proprietary digital platforms and IoT-driven systems to meet fluctuating labor demands [7].
YY Group Launches Robotics Integration to Boost Service Performance and Client Efficiency
Globenewswire· 2025-07-28 12:30
Core Insights - YY Group Holding Limited has launched a robotics integration initiative aimed at enhancing service delivery and meeting client demands with greater efficiency [1][6] - The initiative is part of YY Group's strategy to evolve into a digitally enabled integrated facility management (IFM) and workforce solutions provider [6][10] Robotics Integration Across Key Sectors - Phase one focuses on high-impact areas such as hospitality, where robotic runners will assist with food delivery and event logistics, and autonomous cleaners will provide 24/7 sanitation [2][4] - Smart security patrol bots will enhance routine surveillance, while robotic systems for façade cleaning will improve safety and precision in hard-to-reach areas [2][4] Deployment and Support - Robotics will be deployed flexibly across service lines, tailored to each client's needs, with support from YY Group's in-house technician teams [4][5] - The integration of robots is designed to support human teams, allowing staff to focus on higher-value tasks without disrupting existing operations [5][6] Strategic Partnerships and Expansion - YY Group is partnering with select clients in Singapore and Malaysia for pilot robotic deployments, with plans for scaling in Southeast Asia and global expansion [6][10] - The initiative aims to improve asset efficiency, elevate service outcomes, and strengthen client retention, contributing to recurring revenue growth [7]