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Fanhua ( (AIFU) ) has issued an update.
On March 12, 2025, AIX Inc.’s wholly-owned subsidiary, CISG Holdings Ltd., entered into agreements to transfer a significant portion of its shares in BGM Group Ltd. to four investment firms. This transaction involves the transfer of 53,466,331 Class A ordinary shares for a total consideration of $106,932,662, expected to complete by April 30, 2025. As a result, AIX Inc.’s shareholding and voting power in BGM will substantially decrease, potentially impacting its influence within the company.
More about Fanhua
YTD Price Performance: -65.39%
Average Trading Volume: 820,919
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $23.74M
See more data about AIFU stock on TipRanks’ Stock Analysis page.