THE WHAT? Yatsen and its largest shareholder, Hillhouse Capital, are being sued by investors in the Chinese cosmetics firm for allegedly facilitating a rise in the share price via the release of deceptive information, according to a report published by Bloomberg.
THE DETAILS Yatsen made its debut on the stock market in November, 2019 and saw its shares double in value over the first 12 months of trading. However, US shares closed 88 percent below the IPO price on Tuesday after a tumultuous year that saw the Chinese cosmetics maker report slowing sales.
The class action suit charges Yatsen with failing to disclose known trends or uncertainties that could affect future performance, per Bloomberg.
THE WHY? Both Yatsen and Hillhouse declined to comment when approached by Bloomberg. The suit claims that core brands, Perfect Diary and Little Ondine had already started their decline, and Yatsen’s failure to disclose this amounts to material misrepresentation, artificially inflating the flotation price.
Injectable aesthetics are popular due to their ability to provide noticeable results with minimal downtime compared to surgical procedures. They are versatile and can be tailored to meet individual aesthetic goals, whether it's enhancing lips, restoring facial volume, or smoothing out wrinkles. However, they should always be administered by qualified professionals to ensure safety and achieve optimal results.
Injectable aesthetics are used to enhance facial features, reduce the signs of aging, and improve overall facial symmetry and appearance.
Key types of injectable aesthetics include:
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Dermal Fillers: These injectables are used to add volume, fill in wrinkles and folds, and enhance facial contours. They often contain substances like hyaluronic acid, collagen, or calcium hydroxylapatite, which help plump up the skin and smooth out fine lines and wrinkles.
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Botulinum Toxin (Botox): Botulinum toxin injections temporarily relax facial muscles that cause wrinkles and lines to form. It is commonly used to treat forehead lines, frown lines between the eyebrows, and crow's feet around the eyes.
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Collagen Stimulators: These injectables stimulate the body's own collagen production, helping to improve skin texture and firmness over time. Examples include poly-L-lactic acid (Sculptra) and calcium hydroxylapatite (Radiesse).
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Neurotoxin Injections: Besides Botox, other neurotoxins such as Dysport and Xeomin are used similarly to reduce wrinkles and lines.
