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Addentax Group ( (ATXG) ) has provided an update.
On April 22, 2026, Addentax Group Corp. agreed a share exchange under which its Hong Kong subsidiary Yingxi Industrial Chain Investment will acquire 100% of Time Is Loan Limited from sole owner Or Shan Shan in return for 137,790 Addentax common shares, a figure based on an April 21, 2026 independent valuation and approved by the board the same day. The deal, which will issue unregistered, Regulation S offshore shares carrying restrictive legends and requires a Nasdaq notification and customary closing conditions, signals Addentax’s continued use of stock-funded acquisitions to build out its Hong Kong asset base and potentially broaden its revenue profile without immediate cash outlay.
More about Addentax Group
Addentax Group Corp., incorporated in Nevada and listed on Nasdaq, operates through subsidiaries including Yingxi Industrial Chain Investment Co. in Hong Kong. The company utilizes equity-based transactions to expand its holdings, reflecting a strategy of growing its portfolio of Hong Kong–incorporated businesses through share exchanges rather than cash acquisitions.
Average Trading Volume: 148,299
Technical Sentiment Signal: Sell
Current Market Cap: $3.74M
See more data about ATXG stock on TipRanks’ Stock Analysis page.