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Yoshiharu Global Co. Announces Strategic Transition to Vestand Inc.
Globenewswire· 2025-07-25 12:31
Corporate Name Change and Business Transition - The company plans to change its corporate name to Vestand Inc., transitioning from a traditional restaurant operator to a diversified brand that includes real estate development and digital asset ventures [2] - The Board of Directors approved the name change on July 10, 2025, and the renaming process, including a symbol change on Nasdaq, has been initiated [2] Strategic Investment and Asset Expansion - The company secured $6.0 million in strategic funding from U.S. and Korean investors, executed in March and April of 2024, to support corporate restructuring, debt repayment, and the acquisition of four residential properties in California [3] - The company aims to raise an additional $30.0+ million by the first half of 2027, targeting a cumulative $100 million in real estate investments [3] PropTech Strategy and Collaboration - The company has partnered with Good Mood Studio to deploy AI-powered Automated Valuation Models (AVM), with several projects expected to yield over 30% Return on Equity (ROE) [4] - An early investment has been made in Wealthrail, a fractional real estate investment platform that integrates digital assetization, creating a next-generation distributed real estate investment ecosystem [5] Strengthening Internal Controls - The company has launched an initiative to fortify its internal control framework, ensuring compliance with regulatory requirements and aligning governance practices with shareholder expectations [6][7] - The enhanced internal control policy was formally approved by the Board of Directors on July 10, 2025, emphasizing transparency and accountability [7] Leadership Vision - The CEO stated that the company is preparing to position Vestand as an evolved iBuyer, differentiating itself from competitors by combining asset-backed revenue models with AI-driven technology [8] - The company aims to become a smart investment platform that fuses real-world assets with digital technology, reinforcing its commitment to transparency and trust as fundamental to long-term corporate value [9][10]
Yoshiharu Board of Directors Approves Company to Operate as Vestand
Globenewswire· 2025-07-15 12:31
Company Overview - Yoshiharu Global Co. is transitioning to a new name, "Vestand, Inc.", to reflect its evolution from a restaurant operator to a diversified brand that includes real estate development and digital asset ventures [1][2][3] - The company currently operates 15 restaurants specializing in Japanese ramen and has gained recognition in Southern California and Las Vegas since its debut in 2016 [6] Strategic Initiatives - The name change and rebranding to Vestand is part of a strategic initiative to position the company as a leading player in the U.S. PropTech market, focusing on real estate investments and digital assets [3][5] - A strategic Memorandum of Understanding (MOU) has been signed with Good Mood Studio, a real estate firm known for over 1,400 successful property flips, to accelerate real estate initiatives [4] Market Outlook - The U.S. real estate market is characterized by stability and strong demand, with significant long-term appreciation potential [5] - Technological advancements such as tokenization platforms, AI-based property analysis, and virtual transactions are enhancing efficiency, access, and liquidity in the real estate market [5]
Yoshiharu Partners with Good Mood Studio and Wealthrail to Enter U.S. Real Estate Market
Globenewswire· 2025-05-27 12:31
Core Insights - Yoshiharu Global Co. is entering the U.S. real estate market to diversify its growth engines beyond its traditional ramen business [1][4] - The company has signed a strategic MOU with Good Mood Studio and plans to invest approximately $2 million for a 10% stake in Wealthrail, a real estate tokenization platform [2][3] - The U.S. real estate market is viewed as the largest and most attractive globally, with plans to position Yoshiharu as a leading PropTech player [4] Company Overview - Yoshiharu specializes in authentic Japanese ramen and has expanded to operate 15 restaurants across Southern California and Las Vegas since its debut in 2016 [5]