BGM Group rises after buying YX Management for $95 million

BGM

19/03/2025 14:44

** China-based pharmaceutical company BGM Group's BGM.O shares rise $19.1% at $12.20

** BGM says it has acquired privately-held technology company YX Management for $95 million to focus on its AI strategy

** The deal is expected to be completed by June 2025

** Co says YX shareholders will hold 32.8% of BGM shares after the deal

** Up to last close, BGM has more than tripled in the past 12 months

 (Reporting by Siddhi Mahatole)

 ((siddhi.mahatole@thomsonreuters.com))