BGM Group Ltd has successfully completed the acquisition of Wonder Dragon Global Limited, as announced on May 16, 2025. This transaction involves BGM acquiring 100% equity interest in the Target Company, which includes Yang Lou Dong International Limited Management Company Limited. The acquisition was finalized with the issuance of 38,165,290 Class A ordinary shares at a price of $2.0 per share, now held by the Seller. This represents approximately 20.75% of BGM's total issued and outstanding shares. The acquisition enhances BGM's portfolio with over 3,000 metric tons of premium Qingzhuan dark tea, supporting the company's strategy to expand its medicinal tea product line.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BGM Group Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-050665), on May 20, 2025, and is solely responsible for the information contained therein.