Addentax director builds 10.7% stake in company
Addentax Group Corp. (ATXG) reported that director Hong Zhiwang filed a Schedule 13D disclosing a significant ownership stake in the company’s common stock.
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Rhea-AI Filing Summary
Addentax Group Corp. (ATXG) reported that director Hong Zhiwang filed a Schedule 13D disclosing a significant ownership stake in the company’s common stock. On August 18, 2026, Addentax issued 218,750 shares to Hong in a private placement under a Private Placement Agreement dated July 30, 2026, funded with his personal savings.
Including the 6,424 shares he previously owned, Hong now beneficially owns 225,174 shares of Addentax common stock, representing approximately 10.7% of the company’s 2,105,058 shares outstanding as of August 19, 2026. He has sole voting and dispositive power over all of these shares and states he currently has no specific plans for corporate actions beyond his role as a director, though he may acquire or dispose of shares in the future subject to applicable laws.
Filing Explained
The August 18 issuance described in this Schedule 13D is complete: adding the 218,750 common shares increases the share count and, absent offsetting changes, reduces existing holders’ percentage ownership. Hong Zhiwang reports sole voting and dispositive power over 225,174 shares, or 10.7% of the outstanding shares.
Key Figures
Key Terms
Schedule 13D regulatory
beneficially owns financial
sole voting power financial
sole dispositive power financial
private placement financial
FAQ
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What percentage of Addentax Group Corp. (ATXG) does Hong Zhiwang now own?
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