---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-021080"
form_type: "8-K"
ticker: "ATXG"
cik: "0001650101"
company_name: "ADDENTAX GROUP CORP."
filed_at: "2023-06-13T23:59:59+00:00"
generated_at: "2026-06-14T02:07:08.457878+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Addentax Group acquires Dongguan Hongxiang for ~RMB 3.19M in cash or shares

## Summary
- Acquires 100% equity of Dongguan Hongxiang Commercial Co., Ltd. for RMB 3,190,684.
- Target est. 2020, registered capital RMB 20M, paid-in RMB 5.03M; sells clothing, electronics, cosmetics.
- Deal funded via cash on hand; closing by June 9, 2023.
- If cash unpaid, target will use proceeds to buy Addentax parent shares as consideration.

## SEC filing metadata
- accession: 0001493152-23-021080
- form_type: 8-K
- ticker: ATXG
- cik: 0001650101
- company_name: ADDENTAX GROUP CORP.
- filed_at: 2023-06-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1650101/000149315223021080/0001493152-23-021080-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1650101/000149315223021080/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-021080
- JSON: https://secwatch.observer/filing/0001493152-23-021080.json
- Plain text: https://secwatch.observer/filing/0001493152-23-021080.txt

## Key facts
- Material Agreements
  ADDENTAX GROUP CORP. entered into Agreement with Dongguan Hongxiang Commercial Co., Ltd. valued at approximately RMB3.2 million (effective 2023-06-09).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Dongguan Hongxiang Commercial Co., Ltd.
  - Value: approximately RMB3.2 million
  - Effective: 2023-06-09
  source text: On June 9, 2023, Addentax Group Corp. (the “Company”), through itself or its designated entity (the “Buyer”), entered into a share purchase agreement (the “Agreement”) to acquire Dongguan Hongxiang Commercial Co., Ltd.’s entire equity with the relevant sellers
  evidence_url: https://www.sec.gov/Archives/edgar/data/1650101/000149315223021080/0001493152-23-021080-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.