Mergers & Acquisitions ·
Yimutian Inc. completed three acquisitions in September 2026 to bolster its balance sheet
YMTYimutian Inc.
Yimutian Inc. completed three acquisitions in September 2026 to bolster its balance sheet. On September 10, it acquired 100% of Qingdao Xingongguan Holiday Hotel Co., Ltd. for US$5,800,000 by issuing 15,875,910,000 Class A ordinary shares (2,645,985 ADSs). On the same date, it purchased land and equipment from Zhaodong Guohe Animal Husbandry Co., Ltd. for US$21,161,390 by issuing 57,923,514,000 Class A ordinary shares (9,653,919 ADSs). On September 20, it acquired a 33.33% stake in Qingdao Quanao Supply Chain Technology Co., Ltd. for US$25,000,000 by issuing 72,815,532,000 Class A ordinary shares (12,135,922 ADSs). The company states these transactions resulted in stockholders' equity of at least $2.5 million, aiming to regain compliance with Nasdaq Listing Rule 5550(b)(1) regarding minimum equity requirements for continued listing. Yimutian Inc. operates as a technology and investment holding company based in Beijing.