Addentax Group Completes Share-Based Acquisition of Subsidiary
Addentax Group's Hong Kong subsidiary, Yingxi Industrial Chain Investment Co., Ltd, has successfully acquired 100% of Time Is Loan Limited through a share exchange transaction. This deal involved Addentax issuing 137,790 shares of its common stock under a Regulation S exemption, emphasizing the company's strategy of using equity to expand its international presence. The acquisition is expected to impact Addentax's capital structure and strengthen its operational footprint in regional markets.