YY Group plans expansion to Thailand via YY Circle Thailand acquisition

YY Group (YYGH) Holding announced its plans to establish a significant presence in Thailand through the acquisition of YY Circle Thailand. YY Group and YY Circle Thailand are in the process of reaching a definitive agreement, and the transaction is expected to close on June 2, 2025, with the completion of customary closing conditions. This acquisition marks a pivotal step in YY Group’s Southeast Asia expansion strategy. This strategic acquisition highlights YY Group’s commitment to empowering businesses and workers in Thailand’s vibrant casual labor market, currently estimated to be valued at THB170B annually. The market’s growth trajectory, with casual labor expected to encompass over 40% of the workforce by 2027, presents a transformative opportunity for YY Group to address critical challenges in the labor market. The acquisition will see Jirapat Haetanurak assume the role of Country Director while maintaining a 10% equity stake in YY Circle Thailand.