An announcement from Qilian International Holding Group Limited ( (BGM) ) is now available.
BGM Group Ltd, a company based in Chengdu, China, has completed the acquisition of Patriton Limited, as per the transaction agreement signed on November 27, 2024. The acquisition, which closed on January 7, 2025, involved the purchase of 100% equity interest in Patriton Limited for 69,995,661 Class A ordinary shares valued at $2.0 per share. This strategic move is expected to enhance BGM Group’s market positioning by integrating the operations of Rons Intelligent Technology and Shenzhen Xinbao Investment Management, whose financial statements for the years ending September 30, 2023, and 2024, have been audited and included in the report. The acquisition’s impact on BGM Group’s future financial performance remains to be seen, as the unaudited pro forma financial statements do not necessarily predict future results.
More about Qilian International Holding Group Limited
YTD Price Performance: 27.63%
Average Trading Volume: 33,564
Technical Sentiment Signal: Sell
Current Market Cap: $1.11B
See more data about BGM stock on TipRanks’ Stock Analysis page.