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Vestand Inc., formerly Yoshiharu Global Co. (YOSH), reports developments tied to its transition from a Japanese ramen and rolls restaurant operator into an asset-backed platform with real estate and digital-asset initiatives. Company news has covered the completed corporate name and ticker change to VSTD, financing for real estate expansion, and strategic updates involving real estate development and a crypto treasury strategy.
Other recurring announcements include executive and board appointments, internal-control initiatives, Nasdaq listing compliance, capital-structure actions such as a forward stock split, and updates on the legacy restaurant business and its financial results.
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Yoshiharu Global Co. (NASDAQ:YOSH) announced the opening of its ninth restaurant in Corona, California, set for April 21, 2023. This new outlet will offer a varied menu, including sushi and bento boxes, alongside its signature ramen dishes. This launch is part of Yoshiharu's ambitious plan to open at least five new restaurants in 2023, aiming to operate a total of 13 locations by year-end. The company has identified six additional potential locations as it continues its expansion strategy. President and CEO James Chae emphasized the strategic choice of Corona due to the rising popularity of Japanese cuisine and low competition in the area. The restaurant will operate daily from 11:30 a.m. to 9:00 p.m., extending to 10:00 p.m. on weekends.