YY Group Holding Limited's First Overseas Market to Achieve Rapid Growth, YY Circle Malaysia, Secures Six Deals, Expanding Revenue Pipeline to US$13 Million for 2025
11 Março 2025 - 9:00AM
YY Group Holding Limited (NASDAQ: YYGH) (“YY Group”, “YYGH”, or the
“Company”) is pleased to announce that YY Circle Malaysia, a
subsidiary of YY Group, has successfully signed six new strategic
deals in Malaysia since January 2025. This achievement highlights
YY Circle’s commitment to delivering innovative solutions and
building strong partnerships in the hospitality and staffing
sectors.
The newly secured partnerships include prominent
hotel brands such as Four Points by Sheraton and Hyatt, with
operations already commenced at the start of this month.
Additionally, Holiday Inn and Marriott Resort & Spa are set to
launch their collaborations with YY Circle in April 2025, further
solidifying the company’s footprint in the hospitality sector.
These partnerships bring YY Circle Malaysia’s
annual revenue pipeline to an impressive US$13 million, marking
significant growth in its third year in Malaysia. This upward
trajectory underscores promising prospects for YY Circle’s planned
overseas expansion and reinforces its position as a leader in the
on-demand staffing industry.
Building Strong
Partnerships
The new deals underscore YY Circle’s growing
influence among international hotel chains. By partnering with
globally recognized brands, the company strengthens its foothold in
the Malaysian market while laying the foundation for expansion into
new markets.
A Promising Future
“These partnerships mark a significant milestone
in our journey of growth and innovation,” said Mike Fu, Chief
Executive Officer and Executive Director of YY Group Holding
Limited. “We are excited to collaborate with these esteemed clients
and are committed to delivering exceptional value that supports
their operational excellence and success.”
YY Circle Malaysia’s Country Manager, Ken Teng
is equally thrilled for the potential that he sees in the Malaysian
market, stating, “Having established a strong presence in
hospitality, we’re now excited to expand into other sectors like
cleaning and retail, unlocking new opportunities for growth.”
With its innovative solutions, YY Circle
Malaysia continues to demonstrate its ability to meet the evolving
needs of the clients, and drive value for its partners.
About YY Circle:YY Circle Malaysia, a
subsidiary of YY Group Holding Limited, is a leading provider of
on-demand staffing solutions and hotel management systems. With a
focus on innovation and partnership, YY Circle is committed to
empowering businesses in the hospitality industry to achieve their
operational goals seamlessly.
About YY Holdings Limited:YY Group Holding
Limited is a Singapore-based data and technology-driven company
that specializes in creating enterprise intelligent labor matching
services and smart cleaning solutions. Rooted in innovation and a
commitment to user-centric experiences, YY Circle leverages
app-based technology to optimize the labor sourcing market and the
Internet of Things to revolutionize the cleaning industry.
For more information on the Company, please log on to
https://yygroupholding.com/.
Investor ContactPhua Zhi Yong, Chief Financial
OfficerYY GroupEnquiries@yygroupholding.com
Mark Wendou Niu, Chief Strategy OfficerYY
Groupmark.niu@yygroupholding.com
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