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

Rhea-AI Summary

YY Group Holding (NASDAQ: YYGH) has announced significant expansion in Malaysia through its subsidiary YY Circle Malaysia, securing six strategic partnerships with major hotel chains since January 2025. The new deals include collaborations with Four Points by Sheraton, Hyatt, Holiday Inn, and Marriott Resort & Spa, with operations already initiated in March and more launches planned for April 2025.

These partnerships are projected to generate an annual revenue pipeline of US$13 million for YY Circle Malaysia, marking substantial growth in its third year of operations in the country. The company, specializing in on-demand staffing solutions for the hospitality sector, is now planning to expand into cleaning and retail sectors, demonstrating strong market penetration and growth potential in international markets.

Positive

• Secured six new strategic partnerships with major international hotel chains
• Projected annual revenue pipeline of US$13 million for 2025
• Successfully expanding beyond core market into international operations
• Diversifying into new sectors (cleaning and retail) beyond hospitality

Negative

• None.

News Market Reaction

+6.79%

1 alert

+6.79% News Effect

On the day this news was published, YYGH gained 6.79%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Singapore, March 11, 2025 (GLOBE NEWSWIRE) -- 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 Contact
Phua Zhi Yong, Chief Financial Officer
YY Group
Enquiries@yygroupholding.com

Mark Wendou Niu, Chief Strategy Officer
YY Group
mark.niu@yygroupholding.com

FAQ

What is the projected revenue pipeline for YY Circle Malaysia (YYGH) in 2025?

YY Circle Malaysia's annual revenue pipeline is projected to reach US$13 million in 2025 through its new strategic partnerships.

Which major hotel chains has YYGH partnered with in Malaysia for 2025?

YYGH has partnered with Four Points by Sheraton, Hyatt, Holiday Inn, and Marriott Resort & Spa in Malaysia.

When will YYGH's partnerships with Holiday Inn and Marriott Resort & Spa begin operations?

The partnerships with Holiday Inn and Marriott Resort & Spa are scheduled to launch in April 2025.

What new sectors is YY Circle Malaysia (YYGH) planning to expand into?

YY Circle Malaysia is planning to expand into the cleaning and retail sectors, beyond its current hospitality focus.