M&A
confidence high
sentiment neutral
materiality 0.75
Addentax to acquire 62.18% of Keemo Fashion Group for $5.5M in bond transfer
ADDENTAX GROUP CORP.
- Acquires 34.2M shares of Keemo Fashion (62.18% voting rights) from Guang Wen Global Group for $5.5M.
- Purchase price satisfied by transferring portion of existing $17.5M bond (2.5% interest, renewable one-year tenor) to seller.
- Keemo Fashion operates apparel trading in China and digital publishing via mobile fiction platform in Malaysia.
- Closing expected by May 1, 2026.