AcquisitionsApr 28, 2026, 04:22 PM
ATXG Subsidiary Acquires Time Is Loan Limited for 137,790 Shares
AI Summary
Addentax Group Corp., through its wholly owned subsidiary Yingxi Industrial Chain Investment Co., Ltd, entered into a Share Exchange Agreement on April 22, 2026, to acquire 100% of Time Is Loan Limited. The acquisition involves issuing 137,790 shares of ATXG common stock to the seller, Ms. OR Shan Shan. The transaction was approved by the company's board and the share count was determined based on an independent valuation. The shares will be issued under a Regulation S exemption, and closing is subject to customary conditions, including a Nasdaq Listing of Additional Shares Notification filing.
Key Highlights
- Addentax Group Corp. subsidiary Yingxi acquired 100% of Time Is Loan Limited.
- 137,790 shares of ATXG common stock issued as consideration.
- Share Exchange Agreement signed on April 22, 2026.
- Transaction approved by ATXG board of directors on April 22, 2026.
- Valuation report dated April 21, 2026, informed share determination.
- Shares issued under Regulation S exemption from registration.