YY Group Welcomes The Landmark Bangkok to Growing Hospitality Client Portfolio

YY Group (NASDAQ: YYGH) announced that its Thailand subsidiary, YY Circle Thailand, signed a one-year manpower outsourcing contract with The Landmark Bangkok on March 13, 2026.

Rhea-AI Summary

YY Group (NASDAQ: YYGH) announced that its Thailand subsidiary, YY Circle Thailand, signed a one-year manpower outsourcing contract with The Landmark Bangkok on March 13, 2026. The deal expands YY Circle Thailand's premium hospitality client roster and supports the company's strategy to scale Thailand alongside Singapore, Hong Kong, and Malaysia.

Management said the contract increases client density in Bangkok, enhances operational efficiency, and strengthens recurring revenue visibility for the manpower segment.

Argus Mar 13 session

-33.38% close to close Open Argus

Details

News Market Reaction – YYGH

On Mar 13, the day this news came out, YYGH closed 33.38% below the previous close.

Data tracked by StockTitan Argus for the Mar 13 session.

Key Figures

Contract term: One-year manpower outsourcing contract Thailand acquisition date: June 2025

Contract term

One-year manpower outsourcing contract

Agreement with The Landmark Bangkok

Thailand acquisition date

June 2025

YY Circle Thailand joined YY Group

Historical Context

5 past events · Latest: Mar 12

5 events

1. Mar 12

   FY2026 guidance

   24h Move

   -30.3%

   First FY2026 revenue outlook of US$103–110M indicating strong growth.

2. Mar 10

   Shareholder letter

   24h Move

   +1.9%

   Outlined FY2025 growth, margin improvement, expansion and capital initiatives.

3. Mar 09

   Prelim FY2025 results

   24h Move

   -8.5%

   Reported strong FY2025 revenue and gross profit growth with better margins.

4. Mar 05

   Hong Kong contracts

   24h Move

   -27.5%

   Announced eight new Hong Kong hospitality deals and HKD 100M revenue goal.

5. Mar 05

   Bitcoin strategy

   24h Move

   +8.1%

   Adopted long-term Bitcoin treasury approach using excess cash reserves.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

manpower outsourcing, integrated facilities management (IFM), on-demand workforce solutions

3 terms

manpower outsourcing technical

"has signed a one-year manpower outsourcing contract with The Landmark Bangkok"

Manpower outsourcing is hiring an outside firm to supply and manage workers for routine or specialized tasks instead of recruiting and supervising them directly. For investors, it matters because companies that outsource can lower hiring costs, gain flexibility to scale labor up or down like renting tools instead of buying, and shift payroll and legal responsibilities off their balance sheet, which can affect profit margins, cash flow and operational risk.

integrated facilities management (IFM) technical

"on-demand workforce solutions and integrated facilities management (IFM)"

Integrated facilities management (IFM) is a single, coordinated approach to running and maintaining a company’s physical assets—buildings, equipment, security, cleaning and utilities—under one contract or management team rather than through multiple separate vendors. For investors it matters because IFM can reduce costs, simplify operations, improve uptime and predictability, and concentrate service risk and performance into one measurable relationship, affecting profitability and capital efficiency.

on-demand workforce solutions technical

"a global leader in on-demand workforce solutions and integrated facilities management"

On-demand workforce solutions are services or platforms that quickly connect businesses with temporary workers, freelancers or contractors for short-term tasks or shifting workloads, similar to summoning a ride with an app when you need one. For investors, they matter because they change how companies control labor costs, scale operations and recognise revenue — offering faster growth potential but exposing providers to competition, variable margins and labor-regulation risks.

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New Manpower Outsourcing Contract Advances Subsidiary YY Circle Thailand's Path to Meaningful Scale, Adds to 2026 Revenue Visibility

SINGAPORE, March 13, 2026 /PRNewswire/ -- YY Group Holding Limited (NASDAQ: YYGH) ("YY Group" or the "Company"), a global leader in on-demand workforce solutions and integrated facilities management (IFM), today announced that its Thailand subsidiary, YY Circle (Thailand) Co., Ltd. ("YY Circle Thailand"), has signed a one-year manpower outsourcing contract with The Landmark Bangkok, one of Thailand's most prominent luxury hotels. The agreement further strengthens YY Circle Thailand's growing portfolio of premium hospitality clients and advances the Company's strategy to build Thailand into its next significant manpower revenue contributor alongside its subsidiaries in Singapore, Hong Kong, and Malaysia.

Since joining YY Group in June 2025, YY Circle Thailand has rapidly built a portfolio of internationally recognized hotel clients, including Central Group, CP All, Shangri-La, Banyan Tree, Hyatt, Sheraton, and JW Marriott. The five-star Landmark Bangkok further extends the Company's reach within Thailand's luxury hospitality segment and increases the density of its client base in the Bangkok metropolitan area, driving greater operational efficiency and workforce utilization. The addition of this iconic property to YY Circle Thailand's client roster also reinforces the Company's reputation as a trusted workforce partner to the highest tier of Bangkok's hospitality market.

Mike Fu, Chief Executive Officer and Executive Director of YY Group Holding Limited, commented, "Winning The Landmark Bangkok represents another important step in our Thailand growth story. Each new partnership with a world-class hotel property strengthens our operational footprint, deepens our talent pool, and moves us closer to reaching the operational density needed to achieve scale in the Thai market. Thailand represents one of the most compelling hospitality workforce opportunities in Southeast Asia, and our continued investment in regional capacity and operational infrastructure is enabling us to capture these opportunities at an accelerating pace. We are confident that YY Circle Thailand is on a clear trajectory to join our Singapore, Hong Kong, and Malaysia subsidiaries as a core growth engine for our manpower segment."

Jirapat Haetanurak, Co-founder and Country Director of YY Circle Thailand, added, "The Landmark Bangkok is one of Thailand's most iconic hotels and a property we are proud to serve. This win reflects premier hospitality operators' growing confidence in our people, our technology-enabled staffing model, and our ability to deliver consistent service quality at scale. With each new client, we are building the operational presence needed to make Thailand a major market for YY Group, and we see significant runway ahead."

This client win strengthens YY Group's position in Thailand's premium hospitality workforce market, where rising international tourism and increasing demand for flexible, compliant manpower solutions continue to create attractive growth opportunities. The Company will continue pursuing partnerships with leading hotel brands as part of its broader strategy to scale its Thailand operations and build long-term recurring revenue streams in one of Southeast Asia's most dynamic markets.

About YY Group Holding 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 Asia, Europe, Africa, Oceania 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.

For more information on the Company, please visit https://yygroupholding.com/.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the YY Group Holding Limited's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. These factors include, but are not limited to, (i) growth of the hospitality market (ii) capital and credit market volatility, (iii) local and global economic conditions, (iv) our anticipated growth strategies, (v) governmental approvals and regulations, and (vi) our future business development, results of operations and financial condition. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. All information provided in this press release is as of the date of this press release, and YY Group Holding Limited undertakes no duty to update such information, except as required under applicable law.

Investor Contact
Jason Phua Zhi Yong, Chief Financial Officer
YY Group
enquiries@yygroupholding.com

 

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SOURCE YY Group Holding Limited

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did YYGH announce on March 13, 2026 about The Landmark Bangkok contract?

YY Group announced a one-year manpower outsourcing contract between YY Circle Thailand and The Landmark Bangkok. According to the company, this expands its premium hospitality client roster and advances Thailand as a growth market alongside Singapore, Hong Kong, and Malaysia.

How does the Landmark Bangkok win affect YYGH's Thailand growth strategy?

The contract increases client density and operational scale in Bangkok, supporting faster growth in Thailand. According to the company, adding an iconic five-star client improves workforce utilization and helps build recurring manpower revenue locally.

Which hotel clients does YY Circle Thailand now serve under YYGH (NASDAQ: YYGH)?

YY Circle Thailand's portfolio includes Central Group, CP All, Shangri-La, Banyan Tree, Hyatt, Sheraton, JW Marriott, and now The Landmark Bangkok. According to the company, these partnerships reflect growing trust from premier hospitality operators.

What is the contract length between YY Circle Thailand and The Landmark Bangkok?

The agreement is a one-year manpower outsourcing contract signed effective March 13, 2026. According to the company, the term helps build operational density and revenue visibility for YYGH's Thailand manpower business.

What operational benefits does the Landmark Bangkok contract bring to YYGH investors?

The deal boosts client concentration in Bangkok, improving workforce utilization and operational efficiency. According to the company, higher client density should help YY Circle Thailand scale its talent pool and service delivery, supporting longer-term recurring revenue potential.