secwatch.observer — SEC 8-K summary
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Issuer:     ADDENTAX GROUP CORP. (ATXG)
CIK:        0001650101
Form:       8-K/A
Filed at:   2026-05-18T15:10:26+00:00
Accession:  0001493152-26-024117
Event type: m_and_a
Sentiment:  negative
Materiality: 0.85
Item codes: 9.01, 1.01, 2.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650101/000149315226024117/0001493152-26-024117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650101/000149315226024117/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-024117

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer