ADDENTAX GROUP CORP. 8-K

What Happened

• ADDENTAX GROUP CORP. announced completion of its acquisition of 34,200,000 shares of Keemo Fashion Group Limited pursuant to a Stock Purchase Agreement dated February 17, 2026. The company reported this on Form 8-K filed March 30, 2026.
• The aggregate purchase price was approximately $5.5 million, satisfied by transferring a portion of an existing bond (principal amount ≈ $5.5M) to the seller, Guang Wen Global Group Limited (or its designee).
• Following the closing, ADDENTAX holds approximately 62.18% of the voting rights of Keemo Fashion on a fully diluted basis, and Keemo Fashion has become a controlled subsidiary of ADDENTAX.

Key Details

• Shares acquired: 34,200,000 common shares of Keemo Fashion.
• Consideration: ~ $5.5 million, paid via transfer of a portion of an existing bond (principal ≈ $5.5M).
• Control stake: ~62.18% voting rights on a fully diluted basis — Keemo is now a controlled subsidiary.
• Agreement date / prior disclosures: Stock Purchase Agreement dated Feb 17, 2026; previously disclosed in ADDENTAX 8-K filings on Feb 19 and Mar 16, 2026.

Why It Matters

• The acquisition gives ADDENTAX a controlling interest in Keemo Fashion, meaning Keemo’s operations and financial results are now consolidated into ADDENTAX’s reporting as a controlled subsidiary.
• The transaction was non-cash (paid by transferring bond principal), which affects how ADDENTAX funded the deal and could influence its balance sheet composition (debt/receivable positions), rather than an immediate cash outflow.
• For investors, this is a material corporate development: it changes the company’s business mix and could affect future revenue and earnings reports as Keemo’s results are included in ADDENTAX financials.