AIX to Transfer Intelligent Platform to BGM Group in Exchange for 70 Million Shares

MT Newswires Live

Nov 29, 2024

AIX (AIFU) said Friday that it signed a strategic transaction agreement to transfer its intelligent platform, valued at $140 million, to BGM Group (BGM) in exchange for about 70 million class A BGM shares.

AIX's intelligent platform comprises the company's RONS Intelligent Technology and Shenzhen Xinbao Investment Management units, according to the statement. AIX said it expects the transaction to accelerate its expansion into the pharmaceutical and health care sector.

The transaction is expected to close by the end of the year, after which AIX said it will hold about a 72% stake in BGM Group. BGM Group will have full control of RONS Technology and Xinbao Investment, the company added.

Price: 1.38, Change: +0.02, Percent Change: +1.47

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BGM Group will have full control of RONS Technology and Xinbao Investment, the company added.</p><p>Price: 1.38, Change: +0.02, Percent Change: +1.47</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4173","symbol_name":"保险经纪商","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2487563811","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2487563811","pubTimestamp":1732892540,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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