M&A
confidence high
sentiment neutral
materiality 0.50
ADDENTAX GROUP CORP. (ATXG): M&A transaction — Addentax completes acquisition of 41.67% of Riches Family Office for 33,500 shares
ADDENTAX GROUP CORP.
- Acquired 41.67% equity interest in Riches Family Office Limited (Hong Kong) from Riches FO Holdings Limited.
- Consideration: 33,500 shares of Addentax common stock issued to Mr. Wu Rui, the COO and sole shareholder of Riches FO.
- Shares issued under Regulation S exemption; Mr. Wu Rui is not a U.S. person.
- Transaction closed on June 15, 2026, per Share Exchange Agreement dated May 15, 2026.