Jiang Zhentao, Chairman of AGM Group Holdings Inc. (NasdaqCM:AGMH), entered into an equity acquisition agreement to acquire 90% stake in AGM Group Ltd from AGM Group Holdings Inc. (NasdaqCM:AGMH) for $0.45 million on September 5, 2018. Upon closing, AGM Group will have 10% ownership stake in AGM. AGM reported approximately $16.3 million in assets as of December 31, 2017. The is subject to customary closing conditions including due diligence and regulatory approvals. Jiang Zhentao, Chairman of AGM Group Holdings Inc. (NasdaqCM:AGMH), completed the acquisition of 90% stake in AGM Group Ltd from AGM Group Holdings Inc. (NasdaqCM:AGMH) on September 5, 2018.