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YY Group Acquires Uniforce Security with US$6.4 Million Revenue, Entering Singapore's US$88 Billion Security Market
GlobeNewswire News Room· 2025-06-05 12:00
Singapore , June 05, 2025 (GLOBE NEWSWIRE) -- YY Group Holding Limited (NASDAQ: YYGH) ("YY Group", "YYGH", or the "Company"), is pleased to announce the acquisition of Uniforce Security Pte Ltd (UFS), marking a pivotal step in expanding the Company's Integrated Facility Management (IFM) division. This strategic acquisition underscores the Company's commitment to delivering comprehensive, cutting-edge solutions to clients worldwide. Unlocking Synergies Across Divisions The acquisition of UFS not only strengt ...
YY Group Subsidiary, YY Circle and KFC Singapore Forge Strategic Partnership to Enhance Operational Excellence
Globenewswire· 2025-05-30 12:00
Singapore, May 30, 2025 (GLOBE NEWSWIRE) -- YY Group Holding Limited (NASDAQ: YYGH) (“YY Group”, “YYGH”, or the “Company”), is pleased to announce a strategic partnership with Kentucky Fried Chicken Singapore (KFC), one of the most iconic fast-food brands in the world. This partnership marks a significant milestone in advancing operational excellence across KFC’s outlets in Singapore. A Partnership for Everyday Excellence As part of this partnership, YY Group’s flagship platform, YY Circle, will provide dai ...
YY Group Plans Expansion to Thailand, Targeting US$5 Billion Casual Labor Market
Globenewswire· 2025-05-21 11:18
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]
YY Group Holding Limited Announces Global Expansion Across Europe, Middle East, North Africa, and Asia-Pacific
Globenewswire· 2025-05-07 11:00
Singapore, May 07, 2025 (GLOBE NEWSWIRE) -- YY Group Holding Limited (NASDAQ: YYGH) ("YY Group," "YYGH," or the "Company") is thrilled to announce a significant milestone as its flagship on-demand job matching platform, YY Circle, continues to expand its footprint, meeting the surging global demand for innovative workforce solutions. Driving Innovation Across Europe In Europe, YY Circle is making significant strides: Accelerating Growth in the Middle East and North Africa YY Circle continues its rapid growt ...