Yatsen Announces Completion of First Tranche in Previously Announced Private Placement and Hillhouse Participation
Yatsen Holding Limited completed the first tranche of its previously announced private placement of RMB-denominated convertible senior notes and warrants. Hillhouse, a long-standing major shareholder, joined Trustar Capital and CEO Jinfeng Huang as co-investors in the transaction, signaling strong internal and institutional confidence. The total aggregate principal amount for the two equal tranches remains approximately $120 million, with the second tranche expected to close later this year.
Key figures
- Deal Value Usd
- 120000000
- Tranche status
- First tranche completed; second tranche expected later this year
- Instrument type
- RMB-denominated convertible senior notes and warrants
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