CIMG ( (IMG) ) has shared an update.
On March 19, 2025, CIMG Inc. announced a Business Cooperation Intent Agreement with Shanghai Huomao Cultural Development Co., Ltd., marking a strategic move into the liquor and dendrobium industries. This agreement involves a transfer of 51% equity in Huomao to CIMG’s subsidiary, Zhongyan, in exchange for shares of CIMG’s common stock. The deal is expected to expand CIMG’s presence in the comprehensive health industry and enhance its ecosystem, with Mr. Xiaocheng Hao appointed as CEO of Huomao post-acquisition.
More about CIMG
CIMG Inc. is a digital marketing, sales, and distribution company focusing on consumer products, particularly in the food and beverage sector. The company aims to enhance digital marketing and distribution through technological applications, offering products like Maca Peptide coffee and Qian Mao wine.
YTD Price Performance: -29.86%
Average Trading Volume: 953,841
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $5.42M
For a thorough assessment of IMG stock, go to TipRanks’ Stock Analysis page.