BGM Group Ltd

10.99

+2.0522.93%

Post-market: 11.020.0300+0.27%19:01 EDT

Volume:140.26K

Turnover:1.46M

Market Cap:1.07B

PE:-54.95

High:11.38

Open:8.98

Low:8.80

Close:8.94

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News

Dow Surges Over 200 Points; US Crude Oil Inventories Increase More than Expected

Benzinga

20 Mar

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YX Managaement, a smart mobility technology company, in a deal valuing YX at $95 million.The technology company said it has signed a definitive agreement with the existing shareholders of YX Management in which it will buy 100% of the equity interests of YX by issuing 47.5 million shares to its existing shareholders.BGM said the YX acquisition will speed up the AI-driven strategic upgrade of its intelligent platform, DuXiaoBao.The transaction is expected to be completed by June. YX's existing shareholders will collectively hold about 32.8% of BGM's total outstanding and issued ordinary shares and 2.2% of its voting power.BGM shares hit their 52-week high of $14.78 on Jan. 8, and are up 295% in the past 12 months.","market":"other","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4007","BGM"],"gpt_icon":0},{"id":"2520182192","title":"BGM Signs Deal to Acquire YX Management","url":"https://stock-news.laohu8.com/highlight/detail?id=2520182192","media":"MT Newswires Live","labels":["corporation","merge"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2520182192?lang=en_us&edition=fundamental","pubTime":"2025-03-19 21:00","pubTimestamp":1742389222,"startTime":"0","endTime":"0","summary":"BGM Group  said Wednesday it signed a deal with current shareholders of smart mobility technology company YX Management to acquire 100% of its equity interests.Under the terms of the agreement, BGM said it will issue 47.5 million class A ordinary shares to YX's current shareholders, valuing the mobility technology company at $95 million. The transaction is expected to be completed by June.The YX integration will advance the artificial intelligence-driven upgrade of the company's DuXiaoBao intelligence platform, according to BGM.Upon completion, YX's current stockholders will own 32.8% of BGM's total outstanding and issued ordinary shares, the company said.","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"corporation,merge","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK4007","BGM"],"gpt_icon":0}],"pageSize":4,"totalPage":15,"pageCount":1,"totalSize":57}]}}