MKDWELL Tech Acquires Landvision for $240M; Pro Forma Assets $260.6M
MKDWELL Tech Inc. (MKDW) announced the acquisition of Landvision Inc., the parent company of Landvision Technology Limited, for $240 million. The consideration will be satisfied by issuing 30 million new MKDW ordinary shares. Landvision Technology Limited reported a significant turnaround in 2025, moving from a net loss to a profit of $1.28 million and from net liabilities to net assets of $0.34 million, driven by a substantial increase in revenue. The unaudited pro forma combined financial information shows total assets of $260.6 million post-acquisition, with a preliminary goodwill of $239.7 million, but also highlights critical risks including minimal consolidated cash and potential goodwill impairment.
Key Highlights
- MKDWELL Tech Inc. acquired 100% of Landvision Inc. for $240,000,000.
- Consideration was 30,000,000 new MKDW Ordinary Shares at $8.00 per share.
- Landvision Technology Limited reported 2025 revenue of $195,118,742, up from $1,241,146 in 2024.
- Landvision Technology Limited achieved a profit of $1,276,003 in 2025, reversing a $548,174 loss in 2024.
- Landvision Technology Limited's net assets turned positive to $340,887 in 2025 from net liabilities of $935,116.
- Pro forma combined total assets post-acquisition are $260,620,730.
- Preliminary goodwill from the acquisition is $239,659,113.
- Pro forma combined cash and cash equivalents are $54,723.
Price Impact
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