Nuzee Announces Strategic Sales and Major Leadership Shake-Up

An update from Nuzee (NUZE) is now available.

In a series of strategic corporate moves, a company sold its two subsidiaries, NuZee KOREA Ltd. and NuZee Investment Co., Ltd., to Masa Higashida for $10,000, with the deal expected to close by June 30, 2024. Concurrently, significant changes occurred in the company’s leadership, with Masateru Higashida and Kevin J. Conner resigning from the board. Jianshuang Wang and Yanli Hou were appointed as their replacements, with Wang also taking on the role of Chairman. Additionally, Randell Weaver was appointed as Co-CEO alongside Wang and will serve as Secretary and Treasurer. In a final note, Masa Higashida’s prior employment arrangement with the company was terminated, leading to a settlement that includes cash and restricted stock units.

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