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MONTEREY PARK, CA - Maison Solutions Inc. (NASDAQ:MSS), a specialty grocery retailer serving Asian-American communities trading at $1.06 per share, announced today the appointment of Xintong Ma as its new Chief Strategy Officer in a consulting capacity. According to InvestingPro data, the stock has experienced significant volatility, dropping 25% in the past week while maintaining a notable 29% gain over the last six months. Ma, an entrepreneur recognized for his success in retail and supply chain management, will focus on enhancing the company’s merchandise structure and supply chain operations, as well as supporting its M&A growth strategy.
Ma’s entrepreneurial journey includes founding Zhekou Niu Information Technology Co., Ltd., a discount retail chain with over 300 stores in China by 2024, and co-founding several ventures in tourism consulting and e-commerce. His accolades include being named one of the "30 Most Promising Entrepreneurs Under 30" by Hurun Research Institute in 2019.
John Xu, CEO of Maison Solutions, expressed confidence in Ma’s ability to drive growth and improve store operations, especially in Southern California. Ma’s track record with Discount Bull and his supply chain network in the APAC region are expected to introduce more popular Asian products to Maison Solutions’ stores and assist in exploring potential acquisition targets.
Ma shared his enthusiasm for aligning his expertise with Maison Solutions’ vision and growth strategies, aiming to enhance corporate strategy, store operations, and performance.
Maison Solutions, since its inception in 2019, has acquired interests in seven supermarkets in California and Arizona, catering to the needs of Asian-American families while adapting to the lifestyles of younger generations. With a market capitalization of approximately $20 million and impressive revenue growth of 102% in the last twelve months, the company’s focus remains on providing fresh produce, meat, seafood, and other daily necessities. InvestingPro subscribers have access to over 10 additional key metrics and insights about MSS’s financial health and growth potential.
This announcement is based on a press release statement and contains forward-looking statements that involve risks and uncertainties. Based on InvestingPro Fair Value analysis, the stock appears to be trading near its fair value. Maison Solutions does not commit to updating any forward-looking statements post-release. Investors seeking deeper insights into MSS’s valuation and growth prospects can access comprehensive analysis and additional ProTips through InvestingPro’s advanced analytics platform.
In other recent news, Maison Solutions Inc. has modified the terms of a secured promissory note, extending its maturity date to May 11, 2026. This change comes after the acquisition of Lee Lee Oriental Supermart, Inc. by AZLL LLC, a wholly-owned subsidiary of Maison Solutions. The acquisition was initially financed through a secured promissory note of approximately $15.2 million. The modification agreement, dated March 12, 2025, introduces an additional annual interest rate of eight percent on the outstanding principal balance as of January 15, 2025. This financial restructuring provides Maison Solutions with more time to meet its payment obligations. Additionally, Maison Solutions has entered into a three-year consultancy agreement with Good Fortune Supermarkets, focusing on operational efficiency and business growth. The agreement involves a weekly service fee of $25,000, which amounts to about $1.3 million annually. This consultancy deal is part of Maison Solutions’ strategy to enhance its growth following its public listing.
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