Yoshitsu Co., Ltd Welcomes New Institutional Shareholders; On January 30, 2024, Hudson Bay Capital Management LP And Seven Other Institutional Investors Have Become New Beneficial Owners Of The American Depositary Shares Of The Company
Yoshitsu Co., Ltd Welcomes New Institutional Shareholders; On January 30, 2024, Hudson Bay Capital Management LP And Seven Other Institutional Investors Have Become New Beneficial Owners Of The American Depositary Shares Of The Company
Gathering Momentum for its Global Expansion
为其全球扩张增势头
Tokyo, Japan, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Yoshitsu Co., Ltd ("Yoshitsu" or the "Company") (NASDAQ:TKLF), a retailer and wholesaler of Japanese beauty and health products, sundry products, luxury products, electronic products, as well as other products in Hong Kong, mainland China, Japan, North America, and the United Kingdom, is proud to announce that on January 30, 2024, Hudson Bay Capital Management LP ("Hudson Bay") and seven other institutional investors have become new beneficial owners of the American Depositary Shares ("ADSs") of the Company. The Company believes that the joining of the institutional shareholders demonstrates the Company's strengthened capital forces for market expansion around the world.
日本东京，2024年2月5日（GLOBE NEWSWIRE）——在香港、中国大陆、日本、北美和英国销售日本美容和健康产品、杂货、奢侈品、电子产品以及其他产品的零售商和批发商耀实有限公司（“Yoshitsu” 或 “公司”）（纳斯达克股票代码：TKLF）自豪地宣布 2024年1月30日，哈德逊湾资本管理有限责任公司（“哈德逊湾”）和其他七家机构投资者成为公司美国存托股份（“ADS”）的新受益所有人。公司认为，机构股东的加入表明公司为全球市场扩张而增强了资本力量。
The Company's previously announced successful completion of the follow-on equity offering (the "Offering") has empowered it as the first Nasdaq listed Japanese company to complete a follow-on offering after its initial public offering. Notably, following the Offering, the Company believes that it has been endorsed by Hudson Bay, a global investment management firm, along with seven other institutional investors. Hudson Bay, the 2023 HFM U.S. Performance Award winner, manages approximately $9.7 billion assets, with a remarkable growth rate of 116.27% in Assest Under Management (AUM) since December 2021.
该公司此前宣布成功完成后续股票发行（“发行”），这使其成为第一家在纳斯达克上市的日本公司，在首次公开募股后完成后续发行。值得注意的是，在本次发行之后，该公司认为已得到全球投资管理公司哈德逊湾以及其他七家机构投资者的认可。哈德逊湾是2023年HFM美国绩效奖得主，管理着约97亿美元的资产，自2021年12月以来，管理的资产（AUM）的显著增长率为116.27％。
Mr. Mei Kanayama, Principal Executive Officer of Yoshitsu, commented, "It's a momentous occasion for us to be the first Nasdaq listed Japanese firm to undertake a follow-on equity offering. Over the years, we've been committed to expanding our market footprints globally, showcasing to the world the essence of the Japanese lifestyle with our high-quality homegrown Japanese products. We expect the successful Offering and the powerful partners on board to inject strong impetus into our market expansion in the U.S. market, pushing us forward in our journey of sustainable development. We appreciate the trust and support of our investors. In particular, we've been greatly encouraged by the recognition from the reputable Hudson Bay and other institutional investors. In response to their support, we plan to continue our steps in executing our global vision and fostering new driving forces for our long-term business growth."
Yoshitsu首席执行官金山梅先生评论说：“对于我们成为第一家进行后续股票发行的纳斯达克上市日本公司来说，这是一个重要时刻。多年来，我们一直致力于在全球范围内扩大我们的市场足迹，用我们高质量的本土日本产品向世界展示日本生活方式的精髓。我们预计，此次成功的发行和强大的合作伙伴将为我们在美国市场的扩张注入强劲动力，推动我们在可持续发展的道路上向前迈进。我们感谢投资者的信任和支持。特别是，信誉良好的哈德逊湾和其他机构投资者的认可使我们深受鼓舞。为了回应他们的支持，我们计划继续采取措施执行我们的全球愿景，为我们的长期业务增长培育新的推动力。”