India, June 4 -- Shares of Bio Green Med Solution, Inc. (BGMS) jumped more than 186% overnight following the announcement of a definitive Business Combination Agreement to acquire Future NRG Sdn. Bhd., a Malaysia-based technology integrator specializing in sustainable medical waste management.
Bio Green Med Solution, headquartered in Kuala Lumpur, engages in distributing and installing fire safety equipment and systems, alongside research and development in pharmaceuticals. The company was formerly known as Cyclacel Pharmaceuticals, Inc. before rebranding in 2022.
Under the agreement, Future NRG will become a wholly owned subsidiary of BGMS through an all-stock share exchange. The combined entity will continue operating under the Bio Gree...