Singapore, June 03, 2025 (GLOBE NEWSWIRE) -- YY Group Holding Limited (NASDAQ: YYGH) (“YY Group,” “YYGH,” or the “Company”), a global leader in on-demand workforce solutions and integrated facility management (IFM), is pleased to announce the successful completion of the share transfer of YY Circle Thailand on June 1, 2025.
This milestone marks a significant step in YY Group’s strategy to expand its presence in Southeast Asia’s dynamic economies. YY Circle Thailand is now officially part of YY Group’s portfolio, providing an enhanced platform to address workforce demands in Thailand’s vibrant casual labor market, valued at approximately THB170 billion (US$5 billion) annually.
The completion of the transaction ensures a seamless transition, with Jirapat Haetanurak, the Country Director of YY Circle Thailand, will remain with YY Circle Thailand and continue to lead local operations. Jirapat’s leadership will be instrumental in leveraging local expertise while integrating YY Group’s innovative technology and operational strategies.
“Finalizing this acquisition is a pivotal moment for YY Group as we deepen our commitment to addressing the needs of Thailand’s workforce and businesses,” said Mike Fu, Chief Executive Officer and Executive Director at YY Group Holding Limited. “Through YY Circle Thailand, we aim to deliver cutting-edge solutions that empower businesses to adapt to workforce challenges while creating value for casual laborers.”
Thailand’s gig economy, driven by sectors such as hospitality, retail, and logistics, presents growing opportunities for flexible and scalable workforce solutions. YY Circle Thailand will enable businesses to thrive in this evolving landscape by connecting them with a reliable, technology-driven platform for on-demand talent.
“Joining YY Group marks the beginning of an exciting chapter for YY Circle Thailand,” said Jirapat Haetanurak. “Together, we will bring innovative solutions to the Thai market, driving operational efficiency and creating opportunities for growth.”
This successful acquisition underscores YY Group’s strategic focus on localized solutions and sustainable growth, reinforcing its position as a leader in workforce innovation across Asia.
About YY Circle:
YY Circle is a leading provider of interactive social networking solutions, dedicated to connecting individuals through innovative technology. With a focus on user experience and community engagement, YY Circle aims to foster meaningful connections and empower individuals worldwide.
About YY Holdings Limited:
YY Group Holding Limited (Nasdaq: YYGH) is a Singapore-headquartered, technology-enabled platform providing flexible, scalable workforce solutions and integrated facility management (IFM) services across Asia and beyond. The Group operates through two core verticals: on-demand staffing and IFM, delivering agile, reliable support to industries such as hospitality, logistics, retail, and healthcare.
Leveraging proprietary digital platforms and IoT-driven systems, YY Group enables clients to meet fluctuating labor demands and maintain high-performance environments. In addition to its core operations in Singapore and Malaysia, the Group maintains a growing presence in Southeast Asia, Europe, and the Middle East.
Listed on the Nasdaq Capital Market, YY Group is committed to service excellence, operational innovation, and long-term value creation for clients and shareholders.
