BIMI International Medical Inc (BIMI)

[powerbattles]

BIMI 5.30 My thought...Look like the 10-k only showing 1 1/2 month revenue of Boqi Zhengji Pharmacy. That about 750k new revenue add on to the book. 600 are under exclusive sales arrangements which I don't know?

New York, Oct. 14, 2019 (GLOBE NEWSWIRE) -- NF Energy Saving Corporation (NASDAQ: BIMI) (“BIMI” or the "Company") announced today that it has completed the acquisition of Boqi Zhengji Pharmacy Chain Co., Ltd. (“Boqi Zhengji Pharmacy”), a China-based pharmacy chain company with more than 300 stores, including both directly operated stores and franchisees.

Founded in 2017, Boqi Zhengji Pharmacy Chain Co., Ltd. is a China-based pharmacy chain company, with more than 300 stores, including both directly operated stores and franchisees. The pharmacies typically sell about 6,000 types of drugs, of which more than 600 are under exclusive sales arrangements. The company has more than 10,000 member customers with an average annual spending of RMB 3,000- 5,000 (USD 423- 705) per member.