It is reported that YHJ Technology focuses on electronic atomizer distribution and retail business. This business is highly convergent with the upstream electronic cigarette market and is currently a blue ocean market with bright prospects. According to Frost & Sullivan data, from 2015 to 2020, the global e-cigarette market has grown rapidly from 15.1 billion U.S. dollars to nearly 40 billion U.S. dollars; from 2021 to 2024, Frost predicts that the e-cigarette market is expected to explode from 48.8 billion U.S. dollars The growth rate reached US$ 111.5 billion, corresponding to a compound annual growth rate of 31.70%.
As the global electronic atomizer market continues to grow, the scale of electronic atomizer distribution and retail business is also expected to achieve simultaneous prosperity. In this context, based on the consideration of enriching the business matrix and expanding the e-cigarette distribution and retail business, AISIDI plans to transfer a small amount of equity to give YHJ Technology a broader capital operation space, thereby strengthening its independent financing capabilities.
Industry insiders pointed out that the transfer of part of the equity of YHJ Technology by AISIDI objectively optimizes the shareholder structure of YHJ Technology. While increasing liquidity, it also lays a solid foundation for the subsequent introduction of other high-quality strategic investors.
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YHJ Technology is expected to go public independently and seize the blue ocean market with capital support
CORPORATE NEWS / 2021-08-19
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