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YY Group Secures Five New Luxury Hotel Clients in Thailand
Prnewswire· 2025-09-25 13:50
Core Insights - YY Group Holding Limited has announced that its subsidiary, YY Circle Thailand, has secured contracts with five leading hotel clients, including Hyatt, Sheraton, and three properties under Chatrium Hotels & Residences, significantly expanding its hospitality portfolio and supporting regional growth strategy [1][2][5] Company Developments - Since its acquisition by YY Group, YY Circle Thailand has built on its established client base, which already included major names such as Central Group, CP All, Shangri-La, and Banyan Tree, further strengthening YY Group's presence in Southeast Asia [2][5] - The new partnerships with internationally recognized hotel brands highlight YY Circle Thailand's ability to leverage its technology-enabled staffing and hotel services platform to enhance operational efficiency and deliver greater value to clients [3][6] Market Outlook - The signing of these five hotel clients is seen as a major milestone in YY Circle Thailand's expansion, with management expecting the subsidiary to significantly contribute to YY Group's revenue pipeline in 2025 and beyond, driven by increasing demand for staffing and technology-enabled services [5][6] - The partnerships validate the strength of YY Group's platform and its capability to support top-tier hotels in Thailand, positioning the company well for future growth in the Thai market [6]
YY Group Announces Closing of $4 Million Registered Direct Offering
Globenewswire· 2025-09-12 09:30
Core Viewpoint - YY Group Holding Limited has successfully closed a registered direct offering of Class A ordinary shares and warrants, raising approximately $4.0 million for working capital and general corporate purposes [2][3]. Group 1: Offering Details - The company offered 9,523,812 Class A ordinary shares at a price of $0.42 per share, along with warrants to purchase up to 14,285,718 Class A ordinary shares [2]. - The accompanying warrants have an exercise price of $0.50 per share and a term of 3.5 years [2]. - FT Global Capital, Inc. acted as the exclusive placement agent for this offering [4]. Group 2: Regulatory Information - The securities were offered under the company's shelf registration statement on Form F-3, which was filed with the U.S. SEC 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 based in Singapore, providing flexible workforce solutions and integrated facility management (IFM) services across Asia and beyond [6]. - The company operates in two core verticals: on-demand staffing and IFM, serving industries such as hospitality, logistics, retail, and healthcare [6]. - YY Group leverages proprietary digital platforms and IoT-driven systems to help clients meet fluctuating labor demands [7].
YY Group Announces Pricing of Registered Offering of Ordinary Shares and Warrants
Globenewswire· 2025-09-10 13:38
Singapore, Sept. 10, 2025 (GLOBE NEWSWIRE) -- YY Group Holding Limited (Nasdaq: YYGH) (“YY Group” or the “Company”) today announced the pricing of a registered offering consisting of 6,666,668 ordinary shares at a purchase price of $0.60 per share, along with warrants to purchase 10,000,002 ordinary shares. The warrants have an exercise price of $0.80 per share and a 3.5-year term. Gross proceeds to the Company are expected to be approximately $4.0 million, assuming no exercise of the warrants, before deduc ...
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]
YY Group Secures Strategic Entry into Thailand with Completion of YY Circle Thailand Share Transfer
Globenewswire· 2025-06-03 13:56
Core Insights - YY Group Holding Limited has successfully completed the share transfer of YY Circle Thailand, marking a significant step in its strategy to expand in Southeast Asia [1][2] - The acquisition enhances YY Group's ability to address workforce demands in Thailand's casual labor market, valued at approximately THB170 billion (US$5 billion) annually [2] - The leadership of Jirapat Haetanurak will remain in place to ensure a seamless transition and leverage local expertise [3] Company Strategy - The acquisition is seen as a pivotal moment for YY Group, reinforcing its commitment to meet the needs of Thailand's workforce and businesses [4] - YY Circle Thailand aims to provide innovative solutions that empower businesses to adapt to workforce challenges, particularly in sectors like hospitality, retail, and logistics [4] - The successful acquisition underscores YY Group's focus on localized solutions and sustainable growth, enhancing its position as a leader in workforce innovation across Asia [5] Market Context - Thailand's gig economy presents growing opportunities for flexible and scalable workforce solutions, which YY Circle Thailand will facilitate through a technology-driven platform [4] - YY Group operates through two core verticals: on-demand staffing and integrated facility management (IFM), providing agile support to various industries [8] - The company leverages proprietary digital platforms and IoT-driven systems to help clients meet fluctuating labor demands [9]