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Qilian International Holding Group Limited ( (BGM) ) has shared an update.
BGM Group Ltd. announced its acquisition of YX Management Company Ltd., a smart mobility technology firm, by issuing 47.5 million class A ordinary shares, valuing YX at US$95 million. The acquisition, expected to close by June 2025, will see YX’s shareholders holding 32.8% of BGM’s shares. This strategic move aims to leverage YX’s expertise in scalable operations and AI commercialization to enhance BGM’s intelligent platform, DuXiaoBao, and drive future growth. The integration is anticipated to accelerate AI-driven upgrades and strengthen BGM’s industry position.
More about Qilian International Holding Group Limited
BGM Group Ltd. focuses on AI applications, intelligent robots, algorithmic computing power, cloud computing, and biopharmaceuticals. The company provides AI solutions and intelligent robot services for insurance companies and brokers, covering sales, underwriting, claims, and customer service. In biopharmaceuticals, BGM produces oxytetracycline API, crude heparin sodium, and licorice preparations for global markets, integrating AI for supply chain optimization and market trend prediction.
YTD Price Performance: 14.54%
Average Trading Volume: 28,911
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $995.6M
See more data about BGM stock on TipRanks’ Stock Analysis page.