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NEWS
Aix and Bgm Group Forge Strategic Deal, Leading Healthcare, Pharma, and Insurance Industry Expansion With AI
AIX Inc. (NASDAQ: AIFU) has announced a strategic agreement with BGM Groupto transfer its intelligent platform subsidiaries, RONS Technology and Xinbao Investment, valued at approximately $140.0 million, in exchange for 69,995,661 BGM Class A shares at $2.00 per share. Upon completion expected by end of 2024, AIX will hold 72.0% of BGM's equity and 3.4%of voting power.
The deal aims to expand AIX's presence in pharmaceutical and healthcare sectors, leveraging BGM's extensive healthcare resources while capitalizing on China's aging population opportunities. The intelligent platform includes RONS's insurtech solutions and Xinbao's Baowang insurance trading platform.
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