Addentax Group Corp. entered into a stock purchase agreement dated February 17, 2026, to acquire 34,200,000 shares (62.18% voting control) of Keemo Fashion Group Limited for $5.5 million, satisfied by transferring a portion of an existing $17.5 million bond, with closing on May 1, 2026.
Key takeaways
Entered Stock Purchase Agreement on February 17, 2026 with Guang Wen Global Group Limited
Acquiring 34,200,000 common shares of Keemo Fashion Group Limited
Post-acquisition ownership: 62.18% of voting rights on fully-diluted basis
Purchase price: $5,500,000 paid via transfer of bond portion
Bond details: $17.5M principal, 2.5% interest, issued August 24, 2023