During Friday’s trading session, Tianrong Medical Group, Inc. (OTCPink: TNMD) shares rose 53.65%, touching a low of $0.4001 and a high of $0.6999. In the session, Tianrong Medical stock exchanged hands for 4,605 shares, representing a decline of -659.31% on average volume of 30,866 shares. TNMD stock closed the trading session at $0.59. TNMD stock increased when there was no current news, so there may be some reasons to believe that recent developments will offer additional information about the TNMD.
Recently, what has happened?
Tianrong’s vision is to become a fully integrated technology company providing turnkey technology solutions to the Chinese railway industry. At some point, the TNMD plans to provide software solutions, e-commerce, advisory services, financial services, and information technology.
Tianrong recently closed an-all stock deal to acquire HuanMedia Company Limited, parent company of China-based Sichuan HuanMedia Co. Ltd.
- China’s HuanMedia operates exclusively in over hundreds of railway stations and trains in China and gives those stations and trains Wi-Fi services and entertainment platforms.
- Despite reduced external 3G and 4G coverage, HuanMedia guarantees full, continuous service regardless of outside conditions.
- A unique customer experience provided by its platforms include online ticketing, train schedules, VIP services, online shopping, travel, and hotel bookings.
- Additionally, passengers have access to entertainment content such as recent movies, popular music, and mobile games.
How TNMD will be benefited from the deal?
HuanMedia is expanding rapidly including a goal of providing services to more than a billion annual passengers by the year 2021 which will ultimately benefit Tianrong (TNMD). TNMD will also be benefited from HuanMedia’s plans to monetize key performance indicators (KPIs) and data of a passenger on its huge network by undertaking Joint Ventures and investments. Providing exclusive platforms for location-centric product promotions for globally recognized brands, HuanMedia platform will proved to be a highly efficient advertising and marketing channel for TNMD.