Addentax Group (ATXG) said Monday that it acquired 3.75 million shares of Well Information Technology, equivalent to a 2.5% stake in the company, for $750,000 in cash.
Well Information Technology provides marketing solutions, including both online and offline marketing plans. It mainly serves store owners and managing personnel in fresh food industry in China.
Shares of Addentax were down more than 9% in recent trading.
Price: 0.68, Change: -0.07, Percent Change: -9.88
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