Bio Green Med Solution, Inc.
(NASDAQ:BGMS) shares jumped 175.47% to $2.92 after the bell on Thursday after the clinical-stage biopharmaceutical company announced a business combination agreement with Malaysia-based Future NRG Sdn.
Bhd., a medical waste-to-energy technology developer.
BGMS Inks All-Stock Deal The all-stock share exchange would make Future NRG a wholly-owned BGMS subsidiary.
Future NRG operates the Sendayan Ozone Medical Waste Treatment Plant in Negeri Sembilan, a 10-metric-ton-per-day facility using ozone gas technology.
