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 Limited (YYGH), through its subsidiary YY Circle Thailand, announced on September 25, 2025, that it has secured contracts with five new luxury hotel clients in Thailand.
- The new clients include Hyatt, Sheraton, and three properties under Chatrium Hotels & Residences, significantly expanding YY Circle Thailand's hospitality portfolio.
- These partnerships are anticipated to contribute meaningfully to projected 2025 revenue from the Thai market and play a significant role in YY Group's revenue pipeline in 2025 and beyond.
- YY Group Holding Limited's subsidiary, YY Circle Thailand, has secured contracts with five leading hotel clients, including Hyatt, Sheraton, and three Chatrium Hotels & Residences properties.
- These new partnerships are expected to significantly expand the subsidiary's hospitality portfolio and contribute meaningfully to YY Group's projected 2025 revenue from the Thai market.
- The agreements reinforce YY Group's regional growth strategy and demonstrate YY Circle Thailand's ability to attract internationally recognized hotel brands.
- YY Group Holding Limited (YYGH) has expanded its flagship digital staffing platform into the Netherlands, strengthening its European presence alongside existing operations in the United Kingdom.
- The Netherlands represents a significant market opportunity, with a flexible labor market exceeding USD 80 billion annually, driven by 4.5 million part-time workers.
- Kostian Skourtis has been appointed as Country Manager for the Netherlands, and the company's initial focus in the region will be on hospitality staffing.
- YY Group Holding Limited closed its registered direct offering on September 11, 2025, generating approximately $4.0 million in gross proceeds.
- The offering included the sale of 9,523,812 Class A ordinary shares and warrants to purchase up to 14,285,718 Class A Ordinary Shares.
- The shares and accompanying warrants were priced at $0.42 per share, with the warrants having an exercise price of $0.50 per share and a 3.5-year term.
- The company plans to use the net proceeds from this offering for working capital and general corporate purposes.
- 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.