rYojbaba Launches AI-Powered Worker Risk Intelligence Platform, Significant International Business Expansion
rYojbaba announced the launch of an AI-powered Worker Risk Intelligence Platform designed to "leverage and unify data across the Company's Osteopathic Clinic, Free Labor Union, and Legal Services business," the company said. The Worker Risk Intelligence Platform is powered by first-party data generated across the operations of rYojbaba's Osteopathic Clinics, Free Labor Union, and Legal Services. Over the past three months, rYojbaba has formed strategic partnerships with organizations such as Guardian Girls International and expanded its three core business services into international markets such as Cambodia, Indonesia, Philippines, Thailand, and Vietnam. As a result, the Company experienced a surge in international worker enrollments driven by the GGI partnership, a sharp increase in international collaboration with overseas organizations and embassies, and a large inflow of multilingual and multicultural labor data.
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rYojbaba Enhances Collaboration with China Zhongqing International Holdings to Launch Free Labor Union Initiative for Japan's Technical Intern Training and Specified Skilled Worker Programs
Strategic Partnership Announcement: rYojbaba Co., Ltd. has formed a strategic partnership with China Zhongqing International Holdings to implement the Free Labor Union Program aimed at improving Japan's Technical Intern Training and Specified Skilled Worker Programs.
Addressing Labor Issues: The partnership seeks to tackle systemic issues within Japan's foreign labor programs, including long working hours and human rights violations, by establishing international standards for labor supply chains and integrating worker protection measures.
Comprehensive Support for Workers: The Free Labor Union Program will provide foreign workers with pre-employment support, including contract handling and housing conditions, as well as post-employment assistance in cases of workplace harassment or wage disputes.
Global Expansion Goals: rYojbaba aims to expand the Free Labor Union Program internationally, addressing similar labor challenges in other markets while promoting a trusted labor-protection system and generating sustainable returns for shareholders.
rYojbaba Co., Ltd. Announces Closing of $5 Million Initial Public Offering of Japanese Common Shares
Initial Public Offering: rYojbaba Co., Ltd. successfully closed its IPO, offering 1,250,000 shares at $4.00 each, raising a total of $5 million, with shares now trading on the Nasdaq under the ticker "RYOJ".
Use of Proceeds: The company plans to utilize the funds for working capital, development of an IT platform, hiring consultants, and expanding its consulting business and health services through mergers and acquisitions.