AcquisitionsJun 18, 2026, 04:16 PM
Addentax Group Completes 41.67% Acquisition of Riches Family Office
AI Summary
Addentax Group Corp. announced the completion of its acquisition of a 41.67% equity interest in Riches Family Office Limited on June 15, 2026. The transaction was executed through Addentax's wholly owned subsidiary, Yingxi Industrial Chain Investment Co., Ltd, which acquired the stake from Riches FO Holdings Limited. In exchange, Addentax issued 33,500 shares of its common stock to Mr. Wu Rui, the sole shareholder of Riches FO Holdings Limited, under a Regulation S exemption.
Key Highlights
- Addentax Group Corp. completed the acquisition of 41.67% equity interest in Riches Family Office Limited on June 15, 2026.
- Yingxi Industrial Chain Investment Co., Ltd, a wholly owned subsidiary of Addentax, acquired the equity interest.
- The acquisition was from Riches FO Holdings Limited, the sole shareholder of Riches Family Office Limited.
- Addentax issued 33,500 shares of its common stock to Mr. Wu Rui, the sole shareholder of Riches FO Holdings Limited.
- The shares were issued with a par value of $0.001 per share.
- The issuance of shares was made in reliance on Regulation S, as Mr. Wu Rui is not a "U.S. person".
Price Impact
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