Addentax Group acquires 62.18% stake in Keemo Fashion for $5.5M

Key Highlights

• Addentax Group acquired 34,200,000 shares, representing a 62.18% controlling stake in Keemo Fashion.
• The acquisition was completed on March 30, 2026, for approximately $5.5 million.
• The purchase consideration was satisfied by transferring a portion of an existing $17.5 million bond held by Addentax.
• Keemo Fashion reported a net loss of $33,121 and revenue of $15,081 for the year ended July 31, 2025.
• As of July 31, 2025, Keemo Fashion had total assets of $3,088 and total liabilities of $85,154.
• For the five months ended December 31, 2025, Keemo Fashion reported a net loss of $22,541 and no revenue.
• The pro forma combined revenues for Addentax and Keemo were $4,205,902 for the year ended March 31, 2025.
• The pro forma combined net loss for Addentax and Keemo was $(5,124,340) for the year ended March 31, 2025.