Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest announcement is out from Qilian International Holding Group Limited ( (BGM) ).
On December 22, 2025, BGM Group Ltd announced that it has mutually agreed with the seller to terminate a previously disclosed acquisition transaction, originally outlined in a Form 6-K filed on May 28, 2025. The company confirmed that the closing of the acquisition never occurred and that no ordinary shares were issued as consideration, meaning the deal was effectively unwound before completion; this reflects a shift in BGM Group’s business strategy and leaves its capital structure unchanged, with potential implications for how it reallocates resources and pursues future growth opportunities.
More about Qilian International Holding Group Limited
BGM Group Ltd is a foreign private issuer based in Chengdu, China, with its principal executive office in Tianfu New District. The company is listed in the United States and files annual reports under Form 20-F, indicating its participation in U.S. capital markets, although the specific industry and primary business activities are not detailed in this filing.
Average Trading Volume: 22,117
Technical Sentiment Signal: Sell
Current Market Cap: $802.1M
For an in-depth examination of BGM stock, go to TipRanks’ Overview page.