Addentax Group to raise about $3.25 million in $4.8-a-share private placement

Reuters2026/07/31 20:33

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Addentax entered private placement agreements on July 30, 2026 to sell 677,084 common shares at USD 4.8 each.
Gross proceeds expected at about USD 3.25 million; funds earmarked for general corporate purposes, working capital, strategic investments.
Buyers include CEO and chairman Hong Zhida’s brothers, Hong Zhihao and director Hong Zhiwang, in related-party subscriptions.
Shares to be issued in an unregistered offering under Regulation S to non-U.S. persons in offshore transactions.
Closing remains subject to customary conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Addentax Group Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-035651), on July 31, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Addentax Group to raise about $3.25 million in $4.8-a-share private placement

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