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Submission declined on 29 May 2024 by DoubleGrazing (talk).
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YY Group Holding is a publicly listed company on the Nasdaq stock exchange (NASDAQ: YYGH).[1] It raised $4.5 million by offering 1.1 million shares at $4.00, the low end of the range of $4.00 to $5.00.[2] The company provides hotel and hospitality staffing and commercial cleaning services through its subsidiaries, YY Circle and Hong Ye Group.[3] The company currently operates in Malaysia, Vietnam,[4] Cambodia,[5] and Australia.[6]
YY Group Holding is the parent company of YY Circle and Hong Ye Group. YY Circle is a mobile app that matches firms with part-time workers.[7] The app currently has some 5,000 users – from its workforce database of 32,000 – and its clientele of over 50 firms includes Fullerton Hotel, Shangri-La Hotel, Regent Hotel, and McDonald's. Hong Ye Group provides cleaning services to companies in Singapore. The founder of the group of companies is Mike Xiaowei Fu.[8]
Based on the company's full-year 2023 financial results, the company had cash balances of $467,235, current assets of $10.2 million and current liabilities of $6.0 million, which resulted in a positive working capital of $4.2 million.[9]
References
edit- ^ "YY Group Announces Closing of Initial Public Offering". Yahoo Finance. 2024-04-24. Retrieved 2024-05-29.
- ^ renaissancecapital.com (2024-04-22). "Micro-cap Asian staffing firm YY Group prices US IPO at $4, the low end of the range". Renaissance Capital. Retrieved 2024-05-29.
- ^ "YY HOLDING". yygroupholding.com. Retrieved 2024-05-29.
- ^ Bizwire, Korea (2024-05-02). "YY Group Announces Strategic Entry Into Vietnam's Booming Labour Market Within the Dynamic Hospitality Industry". Be Korea-savvy. Retrieved 2024-05-29.
- ^ "#YY Group Makes Bold Leap Into Cambodian Hospitality Sector, Opening Fresh Revenue Channels". csimarket.com. Retrieved 2024-05-29.
- ^ May 21, YY Group Holding Limited; 2024; Et, 9:00 Am (2024-05-21). "YY Group Expands into Australian Hospitality and Hotel Industry". FOX40. Retrieved 2024-05-29.
{{cite web}}:|last2=has numeric name (help)CS1 maint: numeric names: authors list (link) - ^ "Hiring part-timers on the go; first-of-its-kind mobile app matches firms with part-time workers". TODAY. Retrieved 2024-06-20.
- ^ Sansan. "The Business Leader Series: Hong Ye Group's Fu Xiao Wei". resources.sansan.com. Retrieved 2024-06-20.
- ^ "YY Group Reports Full-Year 2023 Financial Results". Yahoo Finance. 2024-05-14. Retrieved 2024-05-29.
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