BGM Group Ltd. (the “Company” or “BGM”) , a leading AI technology company, announced it has entered into a definitive agreement (the “Agreement”) to acquire HM Management Company Limited (“HM Management”), a prominent AI agent production platform, in an all-stock transaction valued at approximately RMB300 million (US$41.7 million).
Under the Agreement, BGM will issue 16,663,427 Class A ordinary shares at $2.50 per share to acquire 100% ownership of HM Management and its two wholly-owned subsidiaries: Beijing Shuda Technology Company Limited. (“Shuda Technology”) and New Media Star Technology (Shenzhen) Co., Ltd ( “New Media Star”). The transaction is expected to close in the second quarter of 2025, subject to customary closing conditions.
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Shuda Technology is a high-tech company specializing in AI-driven enterprise efficiency solutions. By delivering integrated AI and data visualization solutions, it empowers businesses to conduct intelligent, end-to-end diagnostics and enhance decision-making across the entire innovation chain from research and development to commercialization, enabling rapid cost reduction, operational efficiency improvement, and business model innovation. New Media Star operates a fast-growing AI tools platform with over 150,000 followers, offering proprietary and third-party AI solutions for customer acquisition and private domain conversion.
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Xin Chen, Chief Executive Officer of the Company, stated: “The addition of Shuda Technology and New Media Start introduces a disruptive engine to our strategy of building a multi-agentic production platform. Their matrix-based vertical industry agent cloning technology and AI visualization engine address a critical strategic gap, enabling us to foster technological creativity and drive industry-wide impact. This acquisition enhances our industry-specific AI DNA, allowing us to rapidly expand into vast market opportunities and create a leading ecosystem of AI agent applications. Their portfolio of over 100 industry-specific AI modules, along with an established developer ecosystem, will significantly accelerate our roadmap and secure a dominant position in the next-generation industry-specific AI operating systems.”
The acquisition expands the Company’s AI application portfolio and further integrates existing market resources from its AI insurance and AI mobility businesses, further solidifying the Company’s position in the AI industry.
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Source – PR Newswire
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