ADDENTAX GROUP CORP. (ATXG): M&A transaction — Addentax completes $5.5M acquisition of Keemo Fashion; target shows negative equity and going concern

ADDENTAX GROUP CORP.

Acquired 62.18% of Keemo Fashion for $5.5M via bond transfer; closed March 30, 2026.
Keemo Fashion audited FY2025: revenue $15,081, net loss $33,121, shareholders' deficit $82,066.
Auditor's going-concern note cites net loss, negative working capital, and accumulated deficit.
Keemo Fashion operates apparel wholesale in China and digital publishing through GW Reader Sdn. Bhd.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

ADDENTAX GROUP CORP. completed an acquisition involving Guang Wen Global Group Limited for $5.5 million (closed 2026-03-30).

Action: acquisition
Counterparty: Guang Wen Global Group Limited
Consideration: $5.5 million
Closing: 2026-03-30

Exact text from the filing

shall convey and deliver to the Buyer, and the Buyer shall purchase and accept from the Seller, the Shares. The aggregate purchase price for the acquisition was approximately $5.5 million and the purchase consideration shall be satisfied by utilizing a portion of an existing bond held by the Company. The bond issued pursuant to a note subscription arrangement

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.92

ADDENTAX GROUP CORP. entered into Bond Transfer Agreement with Guang Wen Global Group Limited (the Seller) valued at split and transfer a portion, approximately US$5.5 million, of an existing bond to the Seller as con (effective 2026-02-17).

Action: entry
Counterparty: Guang Wen Global Group Limited (the Seller)
Value: split and transfer a portion, approximately US$5.5 million, of an existing bond to the Seller as con
Effective: 2026-02-17

Exact text from the filing

In connection with the partial bond transfer, the Seller and the Company entered into a bond transfer agreement whereby the Company shall split and transfer a portion, approximately US$5.5 million, of an existing bond to the Seller (or its designated counterparty) as consideration for the acquisition.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.97

ADDENTAX GROUP CORP. entered into Stock Purchase Agreement with Guang Wen Global Group Limited (the Seller) valued at aggregate purchase price of approximately $5.5 million (effective 2026-02-17).

Action: entry
Agreement: asset purchase
Counterparty: Guang Wen Global Group Limited (the Seller)
Value: aggregate purchase price of approximately $5.5 million
Effective: 2026-02-17

Exact text from the filing

On February 17, 2026, Addentax Group Corp. (the “Company”), through itself or its designated entity (the “Buyer”), entered into a stock purchase agreement (the “Agreement”) to acquire 34,200,000 shares of Common Shares, par value $0.001 per share (the “Shares”), in Keemo Fashion Group Limited’s (“Keemo Fashion”), a Nevada corporation, with the Guang Wen Global Group Limited (the “Seller”).

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7 m&a transactions filed in the last 30 days. Browse all m&a transactions →

ADDENTAX GROUP CORP. filing history →

Source: SEC EDGAR

accession 0001493152-26-024117

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