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Addentax Group ( (ATXG) ) has issued an announcement.
On February 17, 2026, Addentax Group Corp. agreed to acquire 34.2 million common shares of Keemo Fashion Group Limited from Guang Wen Global Limited for about $5.5 million, with closing expected by May 1, 2026. The consideration will be paid via the partial transfer of an existing US$17.5 million bond issued under a 2023 note subscription arrangement, allowing Addentax to use its fixed-income asset rather than cash.
Following completion, Addentax will control approximately 62.18% of Keemo Fashion’s fully diluted voting rights, becoming its controlling shareholder. The deal gives Addentax a majority stake in a business spanning apparel wholesale in China and a global digital fiction platform, potentially broadening its revenue base and strengthening its strategic position across both traditional garment trading and digital content markets.
More about Addentax Group
Keemo Fashion Group Limited is a Nevada-incorporated company headquartered in Shenzhen, China, operating two core segments: an apparel and garment trading business that wholesales men’s and women’s clothing to distributors in China, sourcing directly from manufacturers, and a digital publishing arm in Malaysia running a mobile online fiction platform using a pay-per-chapter model for global readers.
Average Trading Volume: 705,938
Technical Sentiment Signal: Sell
Current Market Cap: $4.49M
For a thorough assessment of ATXG stock, go to TipRanks’ Stock Analysis page.