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Qilian International Holding Group Limited ( (BGM) ) has issued an update.
On May 2, 2025, BGM Group Ltd announced a strategic acquisition of HM Management Company Limited, a prominent AI agent production platform, in an all-stock transaction valued at approximately US$41.7 million. This acquisition, expected to close in the second quarter of 2025, will expand BGM’s AI application portfolio and integrate resources from its AI insurance and mobility businesses, enhancing its position in the AI industry. The acquisition includes HM Management’s subsidiaries, Beijing Shuda Technology and New Media Star Technology, which specialize in AI-driven enterprise efficiency solutions and AI tools platforms, respectively. This move is set to accelerate BGM’s roadmap and secure a dominant position in next-generation industry-specific AI operating systems.
More about Qilian International Holding Group Limited
BGM Group Ltd is a leading AI technology company with a strategic focus on AI applications, intelligent robots, algorithmic computing power, cloud computing, and biopharmaceuticals. The company provides comprehensive AI solutions and intelligent robot services for the insurance industry and produces biopharmaceutical products such as oxytetracycline API and crude heparin sodium for global markets.
Average Trading Volume: 22,035
Technical Sentiment Signal: Buy
Current Market Cap: $1.71B
For an in-depth examination of BGM stock, go to TipRanks’ Stock Analysis page.