YY Group shares surge 17.76% premarket after repurchasing warrants to eliminate dilution and streamline capital structure.

YY Group surged 17.76% in premarket trading after announcing the repurchase and cancellation of all outstanding warrants exercisable for 14.28 million Class A ordinary shares at $0.06 per share. The move eliminates potential dilution and strengthens the company’s capital structure, with CEO Mike Fu emphasizing confidence in YY Group’s growth strategy and long-term potential. By removing a share overhang, the transaction supports the firm’s financial foundation and strategic initiatives, aligning with its focus on expanding on-demand workforce and integrated facilities management services globally. The pre-announcement likely boosted investor sentiment, reflecting management’s commitment to optimizing shareholder value.