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BGM Group Ltd: Strategic Acquisition Report - Patriton Limited Secured!

$BGM
Form 6-K
Filed on: 2025-01-07
Source
BGM Group Ltd: Strategic Acquisition Report - Patriton Limited Secured!

Here are the key insights extracted from the financial report of BGM Group Ltd:

  1. Filing Type and Date: This document is a Form 6-K filed on January 7, 2025, which pertains to foreign private issuers.
  2. Company Details:
  • Name: BGM Group Ltd
  • Address: No. 152 Hongliang East 1st Street, No. 1703, Tianfu New District, Chengdu, 610200, People’s Republic of China.
  • Contact: +86-028-64775180
  1. Acquisition Announcement: BGM Group Ltd has successfully completed the acquisition of 100% equity interest in Patriton Limited, which includes:
  • Subsidiaries Acquired: RONS Intelligent Technology (Beijing) Co., Ltd. and Shenzhen Xinbao Investment Management Co., Ltd.
  1. Acquisition Details:
  • Agreement Date: November 27, 2024
  • Consideration: BGM issued 69,995,661 Class A ordinary shares to AIX Inc. at a price of $2.00 per share.
  • Post-Acquisition Ownership: AIX Inc. now holds approximately 72% of BGM’s outstanding ordinary shares, translating to 3.4% of the voting power of BGM.
  1. Strategic Intent: The acquisition aims to leverage synergies and create future value for shareholders through the newly acquired businesses.
  2. Signatory Information: The report is signed by Chen Xin, Chief Executive Officer of BGM Group Ltd.

This update is significant as it reflects BGM Group Ltd's strategic growth plans through acquisitions, which could impact its market position and shareholder value in the future.