- China-based technology-driven financial services provider AIX (NASDAQ:AIFU) completed a strategic share exchange transaction with the pharmaceutical ingredients company BGM Group (NASDAQ:BGM).
- AIFU transferred its intelligent insurance platform, Du Xiaobao, to BGM in exchange for ~70M class A shares of BGM.
- The transaction enables AIX to expand into the healthcare sector.
- AIFU shares were trading +7.34% Friday pre-market to $1.17, while BGM was up 2.74% to $8.99.
- Source: Press Release
