AXXZIA, Inc. (JP:4936) has released an update.
AXXZIA Inc. has announced the formation of a new subsidiary, AXXZIA Technology Inc., to enter the beauty devices market, targeting sales and brand recognition in Japan and North America. The subsidiary will benefit from the expertise of investor He XiaoDong and a partnership with Optech Labo Co., Ltd. AXXZIA Inc. will hold an 80% stake, and the impact on the company’s consolidated financial results is expected to be minimal.
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