---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-024117"
form_type: "8-K/A"
ticker: "ATXG"
cik: "0001650101"
company_name: "ADDENTAX GROUP CORP."
filed_at: "2026-05-18T15:10:26+00:00"
generated_at: "2026-05-18T15:11:39.391331+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Addentax completes $5.5M acquisition of Keemo Fashion; target shows negative equity and going concern

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-26-024117
- form_type: 8-K/A
- ticker: ATXG
- cik: 0001650101
- company_name: ADDENTAX GROUP CORP.
- filed_at: 2026-05-18T15:10:26+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 9.01, 1.01, 2.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1650101/000149315226024117/0001493152-26-024117-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1650101/000149315226024117/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-024117
- JSON: https://secwatch.observer/filing/0001493152-26-024117.json
- Plain text: https://secwatch.observer/filing/0001493152-26-024117.txt

## Key facts
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1650101/000149315226024117/0001493152-26-024117-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1650101/000149315226024117/0001493152-26-024117-index.htm
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1650101/000149315226024117/0001493152-26-024117-index.htm

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