AcquisitionsMay 18, 2026, 04:23 PM
Addentax Group Completes Acquisition of Time Is Loan Limited
AI Summary
Addentax Group Corp. announced the completion of its acquisition of Time Is Loan Limited on May 15, 2026. The company's wholly-owned Hong Kong subsidiary, Yingxi Industrial Chain Investment Co., Ltd, acquired 100% of the equity interests of Time Is Loan Limited from Ms. OR Shan Shan. In exchange, Addentax Group issued 137,790 shares of its common stock to the seller, relying on the Regulation S exemption for unregistered sales of equity securities.
Key Highlights
- Addentax Group's subsidiary, Yingxi Industrial Chain Investment Co., Ltd, acquired 100% of Time Is Loan Limited.
- The acquisition was completed on May 15, 2026.
- Time Is Loan Limited was acquired from Ms. OR Shan Shan.
- Addentax Group issued 137,790 shares of common stock as consideration.
- The shares were issued in reliance on Regulation S exemption from registration.
Price Impact
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