Singapore , Aug. 18, 2025 (GLOBE NEWSWIRE) -- YY Group Holding Limited (Nasdaq: YYGH) ("YY Group," "YYGH" or the "Company"), a leading global provider of on-demand workforce solutions and integrated facilities management ("IFM") services, today announced that its dual-engine artificial intelligence ("AI") algorithm has been designated as the Company's core strategic asset for the next phase of growth. This initiative is designed to accelerate the pace of internal and external technology upgrades while broad ...

Core Insights - YY Group Holding Limited has announced a strategic partnership with Kentucky Fried Chicken Singapore to enhance operational excellence across KFC outlets in Singapore [1][5] - The partnership will utilize YY Group's YY Circle platform to provide daily casual staffing, ensuring consistent service quality and agile operations for KFC [2][3] Company Overview - YY Group is a technology-enabled platform headquartered in Singapore, offering flexible workforce solutions and integrated facility management services across Asia [8][9] - The company operates in two main verticals: on-demand staffing and integrated facility management, serving industries such as hospitality, logistics, retail, and healthcare [9][10] Partnership Details - The YY Circle platform connects businesses with a pre-vetted pool of skilled casual workers, allowing KFC to adjust staffing levels effectively during peak hours and seasonal campaigns [3][4] - This collaboration reflects a mutual trust and shared vision for operational excellence, positioning YY Group for growth in Singapore's competitive hospitality sector [5][6] Strategic Impact - The partnership with KFC highlights the scalability and reliability of YY Circle, setting new benchmarks for operational resilience and workforce agility [4][5] - YY Group aims to strengthen its market foothold and unlock new opportunities for expansion through this collaboration [5][9]

Company Overview - YY Group Holding Limited is a global leader in on-demand workforce solutions and integrated facility management (IFM) [1][11] - The company is headquartered in Singapore and operates across Asia and beyond, focusing on flexible, scalable workforce solutions [11][12] Acquisition Details - YY Group plans to establish a significant presence in Thailand through the acquisition of YY Circle Thailand, with the transaction expected to close on June 2, 2025 [2] - This acquisition is a pivotal step in YY Group's Southeast Asia expansion strategy, targeting Thailand's casual labor market valued at THB170 billion (approximately US$5 billion) annually [2][5] Market Opportunity - The casual labor market in Thailand is projected to encompass over 40% of the workforce by 2027, presenting a transformative opportunity for YY Group [3] - The company anticipates an annual profit of THB76.9 million (approximately US$2.32 million) by 2029 from this market [5] Leadership and Strategy - Jirapat Haetanurak will assume the role of Country Director for YY Circle Thailand, maintaining a 10% equity stake in the company, ensuring continuity and localized expertise [4] - The acquisition reflects YY Group's commitment to creating innovative, localized solutions that drive growth and efficiency in new markets [8] Service Offering - YY Circle, the company's flagship platform, aims to connect businesses with on-demand talent, providing essential tools and resources for stability and success in the casual labor landscape [6] - The platform is designed to address workforce shortages in key industries such as hospitality, retail, and logistics, enhancing operational efficiency [6][7]

Core Insights - YY Group Holding Limited announces significant expansion of its flagship on-demand job matching platform, YY Circle, to meet global demand for innovative workforce solutions [1] - The company is making notable progress in Europe, the Middle East, North Africa, and Asia Pacific, showcasing its robust performance and growing market influence [2][4] Expansion in Regions - YY Circle is accelerating growth in the Middle East and North Africa, with a focus on expanding its presence in these regions [2] - In Asia, YY Circle has established a comprehensive presence in countries such as Singapore, Malaysia, Australia, Vietnam, Cambodia, Hong Kong, and Korea [2] - The full acquisition of YY Circle Thailand is expected to streamline operations and boost growth in Southeast Asia [3] Strategic Vision - The CEO of YY Group emphasizes the company's commitment to delivering cutting-edge solutions tailored to diverse client needs, reinforcing its presence across dynamic regions [4] - YY Group's strategic investments in technology, sustainability, and regional expertise aim to redefine industry standards while addressing local and global challenges [4] Upcoming Developments - YY Circle UK is gaining momentum and solidifying its position as a trusted partner for businesses in the region [6] - YY Circle Netherlands is set to go live by the end of May 2025, while YY Circle Germany is expected to launch within 6 to 8 weeks [6] - YY Circle UAE is experiencing significant market share expansion, and YY Circle Egypt is under development, set to go live by July 2025 [6] Company Overview - YY Group Holding Limited is a technology-enabled platform providing flexible, scalable workforce solutions and integrated facility management services across Asia and beyond [8] - The company operates through two core verticals: on-demand staffing and integrated facility management, supporting industries such as hospitality, logistics, retail, and healthcare [8] - YY Group leverages proprietary digital platforms and IoT-driven systems to help clients meet fluctuating labor demands [9]