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YY Group Announces Effective Date of Reverse Stock Split
Prnewswire· 2026-03-19 12:00
Core Viewpoint - YY Group Holding Limited announced a 50-for-1 reverse stock split of its Class A ordinary shares, effective March 23, 2026, to comply with Nasdaq's minimum bid price requirement of $1.00 [1][3]. Group 1: Reverse Stock Split Details - The reverse stock split will consolidate every 50 issued and outstanding Class A ordinary shares into one share, reducing the total from approximately 207.4 million shares to about 4.1 million shares [2]. - No fractional shares will be issued; shareholders entitled to a fraction will receive one full share instead [3]. Group 2: Company Overview - YY Group is a technology-enabled platform providing flexible workforce solutions and integrated facilities management services across Asia and beyond, operating in sectors like hospitality, logistics, retail, and healthcare [4][5]. - The company leverages digital platforms and IoT-driven systems to help clients manage labor demands and maintain high-performance environments [5].
YY Group Welcomes The Landmark Bangkok to Growing Hospitality Client Portfolio
Prnewswire· 2026-03-13 12:17
Core Insights - YY Group has signed a one-year manpower outsourcing contract with The Landmark Bangkok, enhancing its portfolio in the luxury hospitality sector in Thailand [1] - The company aims to establish Thailand as a significant contributor to its manpower revenue alongside its operations in Singapore, Hong Kong, and Malaysia [1] - The addition of The Landmark Bangkok strengthens YY Circle Thailand's client base and operational efficiency in the Bangkok metropolitan area [1] Company Strategy - YY Group is focused on expanding its presence in Thailand's premium hospitality workforce market, driven by rising international tourism and demand for flexible manpower solutions [1] - The company plans to pursue partnerships with leading hotel brands to scale its operations in Thailand and create long-term recurring revenue streams [1] - YY Circle Thailand's rapid growth since joining YY Group in June 2025 includes acquiring clients like Central Group, CP All, and Shangri-La [1] Leadership Commentary - The CEO of YY Group emphasized that winning The Landmark Bangkok is a significant step in the company's growth strategy in Thailand [1] - The Country Director of YY Circle Thailand highlighted the growing confidence of premier hospitality operators in their staffing model and service quality [1]
YY Group Announces Preliminary Fiscal Year 2025 Financial Highlights
Globenewswire· 2026-03-09 12:30
Core Insights - YY Group Holding Limited expects estimated revenue of US$57 million to US$58 million for the fiscal year 2025, reflecting a year-over-year growth of approximately 38.7% to 41.1% compared to US$41.1 million in 2024 [6] - The estimated gross profit is projected to be between US$7.5 million to US$8 million, indicating a growth of approximately 42.6% to 52.1% from the previous year's gross profit of US$5.26 million [6] - The gross margin is expected to range from 13.2% to 13.8%, an increase from the 12.8% gross margin in 2024 [6] Financial Performance - The company anticipates a significant year-over-year revenue increase of around 40%, driven by strong growth in both on-demand staffing and integrated facilities management (IFM) verticals, along with contributions from acquisitions made during the year [2] - Gross profit is expected to grow in line with or ahead of revenue, with stable to improving gross margins as scale efficiencies increase across the platform [2] - The full financial results for fiscal year 2025 are expected to be reported on or around March 31, 2026, based on unaudited management accounts [2] Company Overview - YY Group is a technology-enabled platform headquartered in Singapore, providing flexible and scalable workforce solutions and integrated facility management services across Asia and beyond [3][4] - The company operates through two core 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 meet fluctuating labor demands and maintain high-performance environments [4]
YY Group Announces US$20 Million At-The-Market Offering Facility
Globenewswire· 2026-02-28 00:00
Core Viewpoint - YY Group Holding Limited has entered into an At The Market Sales Agreement to offer and sell up to US$20 million of its Class A Ordinary Shares through designated sales agents [1][2]. Group 1: Offering Details - The shares will be sold at market prices through various methods, including direct sales on The Nasdaq Capital Market and privately negotiated transactions [2]. - The company is not obligated to sell any shares under the ATM Agreement and may suspend or terminate the offering at any time [2]. - Approximately $0.4 million of the net proceeds will be used to satisfy outstanding debt obligations, while additional proceeds will be allocated for general corporate purposes, including business diversification and capital expenditures [2]. Group 2: Regulatory Information - The offering is made under the company's shelf registration statement on Form F-3, which was filed with the U.S. Securities and Exchange Commission on April 23, 2025, and declared effective on April 30, 2025 [3]. 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 company operates in two core verticals: on-demand staffing and integrated facility management, serving industries such as hospitality, logistics, retail, and healthcare [6]. - YY Group leverages proprietary digital platforms and IoT-driven systems to meet fluctuating labor demands and maintain high-performance environments [7].
YY Group Expands Hong Kong Hospitality Portfolio; Commences Manpower Services for 12 Top-Tier Hotels
Prnewswire· 2026-01-21 13:30
Core Insights - YY Group Holding Limited's Hong Kong subsidiary, YY Circle HK, is set to increase its monthly revenue by 700-800% starting February 2026 due to new casual staffing agreements with 12 premier hotels in Hong Kong [1][2] - The client network of YY Circle HK has expanded to over 30 hotels and catering groups, marking a 150% year-over-year increase, indicating strong market penetration in Hong Kong's hospitality sector [2][3] - The partnerships are expected to generate tens of thousands of worker assignments annually across various departments, enhancing the company's revenue base and operational visibility [2][3] Company Strategy - The new hotel partnerships are part of YY Group's strategy to deepen its presence in Hong Kong and diversify its revenue streams, leveraging technology-driven labor solutions [4] - The company aims to create long-term, predictable revenue streams that will enhance growth prospects and deliver value to clients and shareholders [4] - YY Circle HK's operational scale and technology-driven deployment are expected to improve efficiency and margin potential across regional operations [3][4] Market Context - The casual labor sector in Hong Kong is experiencing increased demand due to favorable economic conditions and policy changes, positioning YY Group to capitalize on these opportunities [4] - The company's flexible deployment capabilities and advanced workforce-management technology are critical in meeting the rising demand for agile workforce solutions in the hospitality industry [4] Company Overview - YY Group Holding Limited is a technology-enabled platform providing flexible workforce solutions and integrated facility management services across Asia [5][6] - The company operates in various sectors, including hospitality, logistics, retail, and healthcare, and is committed to service excellence and operational innovation [5][6]
YY Group's Thailand Subsidiary Adds JW Marriott to Growing Hotel Client Portfolio
Prnewswire· 2025-11-25 13:30
Core Insights - YY Group Holding Limited has announced a partnership with JW Marriott to provide staffing services across its properties in Thailand, enhancing its presence in the premium hospitality segment [1][4] - The collaboration is expected to accelerate YY Circle Thailand's growth trajectory in Southeast Asia and contribute to its revenue pipeline for 2025 and beyond [3][4] Company Developments - YY Circle Thailand has built a portfolio of internationally recognized hotel clients, including Central Group, CP All, Shangri-La, Banyan Tree, Hyatt, and Sheraton, with JW Marriott being the latest addition [2] - The partnership will involve supplying casual staffing solutions tailored to JW Marriott's operational needs, covering various functions such as guest services, food & beverage, housekeeping, events, and back-of-house operations [3] Strategic Goals - The partnership aligns with YY Group's strategy to expand its workforce solutions business across high-demand service sectors, particularly in the hospitality industry [4] - With rising tourism and evolving guest expectations, YY Group is positioned to benefit from increasing demand for flexible and reliable staffing solutions in Thailand [4]
YY Group Launches Bursary Award for Gig Workers Pursuing Higher Education
Prnewswire· 2025-10-13 12:00
Core Insights - YY Group Holding Limited has launched the YY Circle Bursary Award to support higher education for Singaporean workers on its staffing platform, reflecting its commitment to corporate social responsibility and educational development [1][2]. Company Overview - YY Group 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][4]. Bursary Award Details - The YY Circle Bursary Award is aimed at full-time Singaporean students in polytechnics and universities, with awards based on Per Capita Income (PCI) eligibility to assist those in financial need [2]. - The award amount varies according to the applicant's level of study and PCI bracket, emphasizing the initiative's focus on supporting the next generation of leaders in Singapore [2].
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]