Home Equities Score What Has The Tianrong (TNMD) Stock Done To Appreciate Nearly 54%?

What Has The Tianrong (TNMD) Stock Done To Appreciate Nearly 54%?

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.

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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.

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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.

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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.

 

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