- BGM Group (BGM, Financial) completes a US$95.0 million acquisition of YX Management Company.
- YX shareholders now hold 32.6% of BGM's equity interests, but control only 2.2% of voting power.
- The acquisition strengthens BGM's capabilities in AI-driven transformation across key sectors.
BGM Group Ltd. (BGM) has successfully completed the acquisition of YX Management Company, an intelligent mobility technology platform, for US$95.0 million. The transaction was finalized on April 25, 2025, and executed through the issuance of 47.5 million Class A ordinary shares to YX's existing shareholders. This strategic move allows YX shareholders to own 32.6% of BGM's equity interests, with a modest voting power of 2.2%.
This acquisition marks a significant milestone in BGM's AI-driven transformation strategy. By integrating YX's expertise, BGM aims to enhance its capabilities in large-scale operations, digital infrastructure, and technology commercialization. The acquisition is set to support BGM's development of an intelligent platform across insurance, mobility, and digital services.
Mr. Chen Xin, CEO of BGM, emphasized that this acquisition will propel the company towards its goal of an AI Agent-driven model, further facilitating the integration of AI into BGM's core businesses. This initiative is expected to drive long-term growth, delivering sustained value to shareholders, customers, and partners.
