M&A - Qilian International Holding Group

Form Type: SCHEDULE 13D

Filing Date: 2025-05-27

Corporate Action: Acquisition

Type: New

Accession Number: 000110465925052758

Filing Summary: On May 19, 2025, BGM Group Ltd. completed a transaction in which it acquired 100% of the equity interest of Wonder Dragon Global Limited in exchange for 38,165,290 Class A ordinary shares. This acquisition was conducted through a transaction agreement with Success Myth Limited, which is wholly owned by Low Thia Yang, the sole shareholder and existing owner of the Target Company. Post-transaction, Success Myth held approximately 20.7% of BGM Group Ltd.'s shares. The Issuer's total outstanding shares were reported as 183,959,931, comprised of Class A and Class B ordinary shares. The Reporting Persons indicated intentions to review their investment and may engage in future communications regarding the Issuer’s operations.