Tongji Healthcare Group (OTC: TONJ), today announced its entry into a share exchange agreement to acquire West of Hudson Group Inc. (“WOHG”), the sole and complete owner of “The Clubhouse.” According to the update, The Clubhouse is a collection of content creation houses located in the scenic mansions of Southern California that houses some of the most prominent and widely followed social media influencers, together carrying an estimated base in excess of 70 million followers. Closing of the acquisition is subject to customary conditions, including the pending completion of the target’s financial audit process, expected in September 2020. “The Clubhouse provides a picturesque living environment, complete with in-house photographers and videographers, so we can maximize the depth, breadth and scale our influencers can build across popular social media platforms while having fun and just being themselves,” WOHG CEO Amir Ben-Yohanan stated in the news release. “Cultivating a large and committed following and then pursuing the popularization of in-house brands has demonstrated stunning recent success as a model. We would point to Kylie Jenner’s Kylie Cosmetics, which was valued at nearly $1.2 billion when it sold a controlling stake to Coty, Inc. last November. That value was built by first cultivating a broad influencer following. When this acquisition closes, we will have that value to harness.”
To view the full press release, visit http://nnw.fm/O1Der
About Tongji Healthcare
The company had previously operated Tongji Hospital, a general hospital with 105 licensed beds, offering a variety of medical care treatment areas. However, with this transition, the company will move entirely into the social media branding marketplace.
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