YY Group Holdings Limited Successfully Regains NASDAQ Compliance
10 Octobre 2024 - 2:30PM
YY Group Holding Limited (NASDAQ: YYGH) (“YY Group”, “YYGH”, or the
“Company”), is pleased to announce that the company has regained
compliance with NASDAQ’s Minimum Bid Price Rule, maintaining a
consistent stock price above $1.00 for more than 12 consecutive
business days.
This achievement marks a key milestone in YYGH’s
continued growth and recovery, after experiencing a low of $0.71
two months ago. The stock has risen by over 70%, to reach a peak at
$1.295, averaging at $1.20 for the past 2 weeks, representing a
significant improvement over the past 60 days. This growth
highlights the market’s renewed confidence in the Company’s vision
and the strength of its business model.
Investor Support Key to
Recovery
The Company attributes this success to the
unwavering support of its investors. In a market characterized by
volatility, YYGH’s ability to stabilize and grow its stock price
would not have been possible without the trust and confidence of
its shareholders. The Company’s leadership recognizes the
importance of its investor relationships and is committed to
delivering long-term value through strategic initiatives and
operational excellence.
Chief Executive Officer and Executive Director,
Mike Fu, expressed his gratitude, stating: “We are incredibly
grateful for the support of our investors during this crucial time.
Their confidence in YY Group’s future has been a vital component of
our ability to regain compliance with NASDAQ’s standards. As we
look ahead, our commitment to innovation, excellence, and
shareholder value remains stronger than ever.”
Looking Ahead
As part of its forward strategy, YYGH is
dedicated to driving sustainable growth by leveraging technological
advancements and exploring opportunities in new markets. The recent
expansions into the UAE have resulted in positive outcomes with
contracts signed with 5-star hotels such as Sofitel Al Hamra and
DoubleTree by Hilton. Excitedly, the company has also expanded into
the European market, with the United Kingdom as its first point of
entry.
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 OfficerYY GroupEnquiries@yygroupholding.com
YY (NASDAQ:YYGH)
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