QDM International Acquires Hong Kong Insurance Brokerage License, Boosts Product Portfolio
QDMI sits 82% above its 52-week low of $2.754 on elevated volume (8.2× avg).
Summary
QDM International acquired MCM Wealth Management, adding a second Hong Kong insurance brokerage license covering general and investment-linked business. The deal expands product offerings and client base, strengthening bargaining power with insurers. CEO Huihe Zheng highlighted strong fiscal 2026 results: insurance brokerage revenue up 179.2%, referral revenue up 25.5%, cash over $10 million with zero debt, and gross margin at 53.6% after regulatory normalization. This follows June's report of 156.4% revenue growth to $21.48 million, reinforcing a pattern of rapid expansion. The acquisition and financials signal sustained operational momentum and market share gains in Hong Kong's insurance sector.
At the time of this announcement, QDMI was trading at $5.00 on OTC in the Finance sector, with a market capitalization of approximately $43.2M. The 52-week trading range was $2.75 to $234.83. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.