YY Group Holding Limited (Nasdaq: YYGH) is a Singapore-headquartered company that provides flexible, scalable workforce solutions and integrated facility management services across Asia and beyond. The company operates through technology-enabled platforms to deliver agile and reliable support to industries such as hospitality, logistics, retail, and healthcare. YYGH sells manpower outsourcing services and professional cleaning services, leveraging digital platforms to meet fluctuating labor demands and maintain high-performance environments for its clients.
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Cleaning Services - Provides professional cleaning and janitorial services to customers in sectors such as hospitality and public services, driven by increased demand for cleaning, sanitization, and disinfection services.
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Manpower Outsourcing Services - Offers enterprise manpower outsourcing services primarily through the YY Circle Super App, connecting users seeking part-time or full-time work with businesses across various industries.
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Integrated Facility Management (IFM) - Utilizes proprietary digital platforms and IoT-driven systems to deliver high-performance environments for clients, ensuring operational efficiency.
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Recent press releases and 8-K filings for YYGH.
- YY Group Holding Ltd. announced the acquisition of Uniforce Security, reinforcing its Integrated Facility Management division and expanding its market reach in Singapore.
- The deal is expected to add US$35 million in revenue over the next three years and integrates Uniforce Security’s reported US$6.4 million revenue from 2024.
- The acquisition positions the company in the US$88 billion Singapore security market, enhancing potential synergies across its business operations.
- Share transfer finalized: YY Group completed the share transfer of YY Circle Thailand on June 1, 2025, marking a pivotal strategic move.
- Expansion into Thailand: The transfer supports the company's strategy to expand into the Thai gig economy, targeting a casual labor market valued at approximately THB170 billion (US$5 billion) annually, while maintaining local leadership with Jirapat Haetanurak.
- YY Group's subsidiary, YY Circle, has formed a strategic partnership with KFC Singapore to enhance operational excellence across the fast-food outlets.
- The collaboration leverages YY Circle’s technology-driven staffing platform to meet KFC’s daily casual staffing needs and optimize workforce management.
- This move underscores YY Group’s commitment to scalable operational solutions in Singapore’s competitive hospitality market.
- YY Group Holding Ltd. acquired YY Circle Hong Kong, transitioning it from an independently operated platform fee model to a majority-owned subsidiary, in a move aimed at capitalizing on Hong Kong’s US$16 billion casual labour market.
- Country Director Anthony Ip retains a 10% equity stake and will continue to lead operations to ensure continuity while leveraging his local expertise.
- The deal includes a financial projection of HK$15.03 million (≈US$1.92 million) in revenue for the first fiscal year, underscoring the market potential.
- YY Group Holding Limited announced revenue of US$41.1M in 2024, driven by market expansion and scale-up of its on-demand workforce and IFM services.
- The company achieved a gross profit of US$5.26M but reported an operating loss of US$4.14M due to a one-time non-cash share-based compensation expense.