Bio Green Med Solution, Inc. Announces Closing of Strategic Acquisition of Fitters Sdn. Bhd.

Core Viewpoint - Bio Green Med Solution, Inc. has successfully completed the acquisition of Fitters Sdn. Bhd., enhancing its business portfolio by entering the fire protection and safety sector while maintaining its pharmaceutical interests [1][3][4]. Company Overview - Bio Green Med Solution, Inc. (formerly Cyclacel Pharmaceuticals, Inc.) is a diversified company engaged in both the fire protection and biopharmaceutical industries, focusing on long-term value creation for shareholders [5]. - Fitters Sdn. Bhd. specializes in the supply and trading of protective and fire safety equipment, including fire extinguishers, foam systems, and personal protective equipment, and has a strong reputation for reliability and compliance with regulatory standards [2][6]. Transaction Details - The Exchange Transaction involved Bio Green Med issuing 699,158 shares of its common stock, representing 19.99% of the outstanding shares, to FITTERS Diversified Berhad in exchange for all equity interests of Fitters [4]. - Following the transaction, Fitters became a wholly-owned subsidiary of Bio Green Med, and the company's ticker symbols changed from CYCC and CYCCP to BGMS and BGMSP, respectively [3][4]. Strategic Implications - The acquisition allows Bio Green Med to diversify its business interests and explore opportunities across multiple industries, positioning the company for long-term growth [4]. - The integration of Fitters' established operations is expected to create synergies and enhance the company's market presence in the fire safety sector [4].