M&A
confidence high
sentiment neutral
materiality 0.50
Addentax buys 2.5% stake in fresh-food marketing firm Well InfoTech for $750k
ADDENTAX GROUP CORP.
- Acquired 3,750,000 shares of Well InfoTech for $750,000 cash, ~2.5% equity stake.
- Option to buy another 3,750,000 shares at same price within five years.
- Right to nominate one board member of Well InfoTech while it holds shares.
- Well InfoTech provides marketing solutions for fresh food industry in China (Hangzhou, Beijing, Heilongjiang).