Transaction expands Bull Moose Tube’s manufacturing footprint and strengthens its ability to serve customers across key end markets

CHESTERFIELD, Mo., June 16, 2026 /PRNewswire/ — Bull Moose Tube Company (“Bull Moose”), a leading manufacturer of steel pipe & tubing products, announced that it has reached an agreement to acquire Hanna Steel Corporation, a leading producer of structural and mechanical steel tubing with operations in Alabama and Illinois, a coil-coating facility in Alabama, as well as Hanna Truck Line, Inc., Hanna Steel’s in-house trucking fleet. The transaction is expected to close in early Q3 2026, subject to customary closing conditions. Following the completion of the transaction, Hanna Steel will operate as a division of Bull Moose Tube Company.

“The acquisition of Hanna Steel is a strong strategic fit for Bull Moose Tube as we continue to expand our capabilities and enhance value for our customers,” said John Krupinski, Chief Executive Officer of Bull Moose Tube Company. “Hanna adds complementary assets, experienced teams, a respected reputation and culture, along with a product portfolio that supports our long-term growth strategy.”

The combination brings together two organizations with a shared commitment to safety, customer service, quality and growth – creating a stronger, more aligned platform than either company could achieve as separate entities. With aligned values and complementary cultures, Bull Moose and Hanna will operate as one team, accelerating the sharing of best practices and delivering best in class service across our customers, employees, and partners.

“This transaction enhances our flexibility in servicing our customer base and Hanna’s capabilities allow us to better meet evolving market requirements while strengthening our ability to execute on complex, large-scale projects,” said Andy Annakin, Executive Vice President & Chief Commercial Officer.

Chairman of Bull Moose Tube Company, the Hon. Ambar Paul, said, “We continue to assess and pursue strategic opportunities that strengthen Bull Moose Tube’s position as a best-in-class steel tube producer. As our third major investment in recent years, Hanna Steel builds on a clear pattern of strategic expansion – adding depth to our manufacturing capabilities and reinforcing our commitment to long-term, sustainable growth.”

Vice-Chair of Hanna Steel, Jill Cunningham, said, “The acquisition of Hanna Steel by Bull Moose Tube marks an exciting new chapter for our customers, employees and suppliers. Joining forces with Bull Moose Tube allows us to pair our legendary commitment to consistency and customer service with Bull Moose’s impressive scale and quality. We are proud of the legacy we’ve built and look forward to the future of Hanna under Bull Moose’s stewardship.”

Brown Gibbons Lang & Company (BGL) served as exclusive financial advisor to Bull Moose Tube Company, and Spencer Fane LLP acted as legal counsel.

Jefferies LLC served as exclusive financial advisor to Hanna Steel Corporation, and Bradley Arant Boult Cummings LLP acted as legal counsel.

About Bull Moose Tube Company

Bull Moose Tube Company is part of the Caparo Bull Moose Group of Companies. The company operates manufacturing facilities across the United States and offers one of the largest ranges of welded steel tubing in North America. Bull Moose Tube products serve a wide variety of applications including commercial construction, infrastructure, fire protection, heavy equipment, transportation, and engineered products.
For more information, visit www.bullmoosetube.com.

About Hanna Steel

Hanna Steel Corporation is headquartered in Hoover, Alabama. Hanna’s southeastern tubing operations are based in Tuscaloosa, Alabama and its Midwestern tubing facilities are in Pekin, Illinois. It operates a coil-coating facility located in Fairfield, Alabama. Hanna Truck Line, known as HTL, rounds out Hanna’s capabilities providing consistent deliveries to our customers. For more information, visit www.hannasteel.com.

CONTACT:

marketing@bullmooseindustries.com

SILICON VALLEY, Calif., June 16, 2026 /PRNewswire/ — The Frost & Sullivan Institute is pleased to present the 2026 Visionary Growth Leadership Best Practices Recognition, celebrating leading enterprises that are redefining the role of business in addressing the world’s most urgent challenges.

This recognition honors organizations that have embedded innovation, measurable impact, and long-term sustainability into the core of their growth strategies, demonstrating that commercial success and societal progress can advance together. The award highlights companies whose solutions are accelerating industry transformation and contributing meaningfully to a more resilient, inclusive, and sustainable global future.

The 2026 award recipients represent a new generation of visionary leaders shaping the future through purpose-driven innovation. These organizations pioneer scalable solutions across sectors such as clean energy, climate resilience, sustainable infrastructure, healthcare access, cybersecurity, education, digital inclusion, and resource efficiency.

By leveraging technological advancement, responsible business practices, and market-driven impact models, they are addressing complex global challenges while creating tangible value for communities, industries, and economies worldwide. Their leadership reflects a growing movement in which business excellence is increasingly defined by the ability to generate a measurable positive impact alongside sustained growth.

“The organizations receiving the Visionary Growth Leadership Recognition demonstrate that long-term growth is increasingly driven by the ability to address some of the world’s most pressing challenges,” said David Frigstad, Executive Director of the Frost & Sullivan Institute.

“Through innovation, strategic execution, and an unwavering commitment, these companies exemplify visionary leadership in action. Their success reflects a new paradigm in which sustainable market leadership is achieved through measurable impact, resilience, and value creation for all stakeholders.”

The award recipients were identified through a rigorous evaluation and research methodology conducted by Frost & Sullivan Institute’s research analysts. The assessment process examined organizations across multiple pillars such as Healthcare, Human Rights, Economics, Environment, Education, Security and Infrastructure. Special emphasis was placed on the ability of each organization to deliver responsible solutions capable of driving meaningful changes at both industry and societal levels.

The Frost & Sullivan Institute extends its sincere congratulations to the following 50 recipients of the 2026 Visionary Growth Leadership Best Practices Recognition.

• MercadoLibre
• Samsung Biologics
• Google (Alphabet)
• AstraZeneca
• Eli Lilly and Company
• Equinix
• Reliance Industries
• First Solar
• Grab
• JSW Steel
• Localiza
• Adobe Inc.
• Ambipar
• ARM Holdings
• Delta Electronics
• EDP Renewables
• WEG
• Aldar Properties
• Aptiv
• BYD
• Digital Realty
• Enphase Energy
• Nubank
• Access Bank
• ACWA Power
• Amazon
• Amul (GCMMF)
• ANSYS
• Apollo Hospitals
• Autodesk
• Fortinet
• Genmab
• Larsen & Toubro (L&T)
• Raízen
• Salesforce
• Schneider Electric
• TSMC
• Advantest
• Bank Mandiri
• Dropbox
• GenScript
• Hannon Armstrong
• Microsoft
• Adyen
• AMD (Advanced Micro Devices)
• Arco Educação
• ASM International
• Atlas Copco
• CATL
• Databricks

About Frost & Sullivan Institute

The Frost & Sullivan Institute (FSI) is a non-profit organization dedicated to utilizing business practices to address global priorities. The genesis of the institute goes back to the vision of either creating or becoming part of a solution that addresses threats to humanity. The Institute has identified strategic imperatives for transformation and believes that we can truly accelerate innovation to zero. To learn more about FSI, visit www.frostandsullivaninstitute.org

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Media Contact:

Bivechana Gautam
Email: Bivechana.gautam@frost.com 

Related Links
www.frost.com
www.frostandsullivaninstitute.org

SHANGHAI, June 16, 2026 /PRNewswire/ — Boqii Holding Limited (“Boqii” or the “Company“) (NYSE American: BQ), a leading pet-focused platform in China, announced today that the Company had become aware of unusual trading activity in its Class A ordinary shares on the NYSE American LLC (the “NYSE American“) on June 10, 2026. The Company is issuing this press release pursuant to Section 401(d) of the NYSE American Company Guide. Following appropriate internal review and consultation, the Company confirms that it is not aware of any material developments in its business or affairs beyond those previously disclosed publicly.  Investors should rely solely on the Company’s official filings and press releases for any developments.

About Boqii Holding Limited

Boqii Holding Limited (NYSE American: BQ) is a leading pet-focused platform in China. Boqii is the leading online destination for pet products and supplies in China with a broad selection of high-quality products including global leading brands, local emerging brands, and its own private label, Yoken, Mocare and D-cat, offered at competitive prices. Boqii’s online sales platforms, including Boqii Mall and its flagship stores on third-party e-commerce platforms, provide customers with convenient access to a wide selection of high-quality pet products and an engaging and personalized shopping experience. Its Boqii Community provides an informative and interactive content platform for users to share their knowledge and love for pets.

Forward-looking Statements

This release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements give the Company’s current expectations, opinion, belief or forecasts of future events and performance. A statement identified by the use of forward-looking words including “will,” “may,” “expects,” “projects,” “anticipates,” “plans,” “believes,” “estimate,” “should,” and certain of the other foregoing statements may be deemed forward-looking statements. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including market and other conditions. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC“). Investors and security holders are urged to read these documents free of charge on the SEC’s web site at http://www.sec.gov. The Company undertakes no obligation to update any such forward-looking statements after the date hereof to conform to actual results or changes in expectations, except as required by law.

For investor inquiries, please contact:

Boqii Holding Limited
Investor Relations
Tel: +86-21-6882-6051
Email: ir@boqii.com 

Partnership with Tokyo Century strengthens credit standing, financing options, and structuring capabilities for hotel owners and brand operators across Japan.

TOKYO, June 16, 2026 /PRNewswire/ — Flat Collaboration Co., Ltd., Japan’s leading independent third-party hotel management company, today announced its first external capital raise in partnership with Tokyo Century Corporation, one of Japan’s foremost financial services and leasing groups. The capital and business alliance, formalized on June 11, 2026, comes as Japan’s hotel investment market surpassed ¥1 trillion for the first time in 2024 — and positions Flat Collaboration to accelerate its expansion at a pivotal moment for the industry.

Japan’s hotel management structure differs fundamentally from most other international markets. J-REITs and institutional investors are legally required to hold hotel properties through lease arrangements, creating demand for specialized management companies that offer a combination of hotel operations, asset-management expertise, creditworthiness and transaction structuring capabilities. Flat Collaboration was purpose-built for this role — functioning as a neutral, white-label operating partner for real estate owners and international and domestic hotel brands — and has built a robust track record with no competitors operating at a comparable scale.

Tokyo Century’s investment marks a significant step in Flat Collaboration’s development, enhancing the company’s credit profile as a hotel tenant and lessee — a critical factor in J-REIT and institutional transactions — while opening broader financing and structuring options for clients.

What the Alliance Delivers for Hotel Owners and Brand Operators

• Stronger credit standing: Tokyo Century’s capital participation directly strengthens Flat Collaboration’s profile as a tenant and lessee, meeting the counterparty requirements of public and private REITs and listed corporations.
• Broader financing options: Flat Collaboration will offer integrated proposals combining investment, debt financing, and structured finance solutions — including arrangements with international hotel brands.
• Execution capability: Hands-on hotel management, construction and renovation oversight by in-house first-class architects, and on-the-ground specialist support enable smooth execution of investment plans, including GOP and NOI targets.
• Cross-property data infrastructure: Proceeds will fund revenue management, guest data, and business analytics systems, enabling data-driven commercial strategies across multiple properties.
• Continued neutrality: Flat Collaboration’s white-label, brand-agnostic operating model — maintaining equal, transparent relationships with both owners and brand operators — remains unchanged.

Background: Japan’s Third-Party Hotel Management Market

Japan’s hotel investment market reached a record ¥1,061.3 billion in 2024 (source: JLL), crossing the ¥1 trillion threshold for the first time, driven by accelerating international hotel chain openings across the country. Structurally, J-REITs can only hold hotel properties through lease arrangements — making qualified, creditworthy independent operators essential intermediaries between owners and brands.

Founded in 2017, Flat Collaboration built its core business around hospitality advisory before expanding into direct hotel operations. The COVID-19 pandemic led Flat Collaboration to take over and consolidate operating companies for hotels held by multiple J-REITs, giving them direct hotel-management experience as both tenant and lessee. The company now manages a portfolio spanning luxury, lifestyle, and limited-service segments across Tokyo, Osaka, Kyoto, and Okinawa, serving J-REITs, private funds, and listed corporations.

Entering its tenth fiscal year — which management has designated a “second founding year” — Flat Collaboration is formally accelerating its third-party management business, having identified significant latent demand and a scarcity of qualified operators at scale. Flat Collaboration has welcomed Tokyo Century — a leading player in real estate and related financial services — as its first external capital partner.

Use of Proceeds

New funding will be allocated to team-building and operational infrastructure to support third-party management growth, anticipated M&A activity, and the development of cross-property information systems.

CEO Statement

“We are delighted about this capital alliance, which will serve as a major catalyst for advancing our third-party management initiatives. As a hotel management company that bridges property owners and brand operators, our immediate goal is to establish a leading position in Japan. In the medium term, we plan to actively pursue partnerships with overseas third-party management companies and collaborate with global brand operators that adopt a franchise model.”

— Ken Ikeo, Founder / CEO, Flat Collaboration Co., Ltd.

After working in hotel operations at the Westin Tokyo, Ikeo moved to the US, where he graduated from New York University (NYU) with a Master’s degree in Hotel Investment and Finance. He then worked for Goldman Sachs and Fortress Investment Group, where he led the development of a hospitality investment platform for the Japanese market and was involved in numerous turnaround transactions.

Company Profiles

Flat Collaboration Co., Ltd.
Founded in 2017, Flat Collaboration Co., Ltd. is Japan’s leading independent third-party hotel management company. Operating on a neutral, white-label model, the company manages a diverse hospitality portfolio spanning luxury, lifestyle, and limited-service segments across Tokyo, Osaka, Kyoto, and Okinawa.

Tokyo Century Corporation
Tokyo Century Corporation is a leading Japanese financial services group operating in over 30 countries and regions. Integrating finance, services, and business expertise, the company provides high-value solutions across key sectors, including real estate, social infrastructure, transportation, and mobility.

Press Inquiries

Flat Collaboration Co., Ltd. — Corporate Planning (Attn: Taro Fukuju)
Email: info@flat-collaboration.jp