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Addentax Group Corp

0.7300

-0.0960-11.62%

Post-market: 0.6750-0.0550-7.53%19:57 EDT

Volume:893.55K

Turnover:679.34K

Market Cap:4.41M

PE:-1.92

High:0.8200

Open:0.7850

Low:0.7052

Close:0.8260

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News

Chinese Firms' Plan to Avoid Stock Delisting: Buy Trump's Memecoin -- WSJ

US-listed company Addentax plans to acquire 8,000 Bitcoins and other mainstream cryptocurrencies such as TRUMP

Addentax Plans to Acquire Up to $800 Million in Crypto Through Stock Issuance; Shares Rise

MT Newswires Live

Addentax Group Corp. Announces $800 Million Plan to Acquire Bitcoin (BTC) and Official Trump (Trump)

THOMSON REUTERS

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The announcement sent shares of GD Culture, which is based in New York but operates in China, up by 14%.Three days later, Chinese garment maker Addentax Group said it was in discussions with unnamed crypto holders to buy up to $800 million of $TRUMP tokens and bitcoin. Addentax's stock didn't quite get the same boost, falling about 7% that Thursday after an intraday surge of more than 150%.At least one Chinese company has accidentally benefited from its unexpected association with the Trump brand. Wisesoft, a Chinese software company that has no connection to the president, surged as Trump inched closer to presidential victory last year for","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4009","TON.USD.CC","APT.USD.HKCC","ATXG","BTC.USD.CC","BK4104","GDC","APT.USD.CC","NQmain","BTC.USD.HKCC","BK4131","TON.USD.HKCC"],"gpt_icon":0},{"id":"2535876988","title":"US-listed company Addentax plans to acquire 8,000 Bitcoins and other mainstream cryptocurrencies such as TRUMP","url":"https://stock-news.laohu8.com/highlight/detail?id=2535876988","media":"Blockbeats","labels":["corporation","merge"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2535876988?lang=en_us&edition=fundamental","pubTime":"2025-05-16 00:41","pubTimestamp":1747327260,"startTime":"0","endTime":"0","summary":"BlockBeats News, May 16th, according to a report by PR Newswire, U.S. publicly traded company Addentax Group Corp  announced that the company has held discussions with some significant and influential Bitcoin and other mainstream cryptocurrency holders, planning to acquire up to 8,000 Bitcoins and other cryptocurrencies such as the TRUMP token. The acquisition is expected to cost $800 million and will be financed through the issuance of common stock. A final agreement has not yet been reached.Addentax Group's management stated that this move is a key action to support the company's long-term investment and holding strategy for cryptocurrency assets, aiming to strengthen its balance sheet by acquiring highly liquid and widely recognized digital assets, while attracting new shareholders with experience and expertise in the cryptocurrency field.","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.theblockbeats.info//en/flash/294092","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation,merge","news_rank":0,"length":0,"strategy_id":0,"source":"theblockbeats_live","symbols":["MNQmain","TSYW.SI","IE00BGHQF748.EUR","NQmain","BK4213","BK4112","03439","PSQ","SQQQ","TQQQ","03042","IE00B3QW5Z07.USD","IE00B64PRP62.GBP","QLD","USJW.SI","BK4588","USAW.SI","BK4585","03008","LU2210150020.SGD","IE00BKPKM429.USD","NDAQ","BK4131",".IXIC","09042","QID","09008","BTC.USD.HKCC","LU2210149790.SGD","BTC.USD.CC","09439","NVIW.SI","LU2095319765.USD","PR","ATXG"],"gpt_icon":1},{"id":"2535821182","title":"Addentax Plans to Acquire Up to $800 Million in Crypto Through Stock Issuance; Shares Rise","url":"https://stock-news.laohu8.com/highlight/detail?id=2535821182","media":"MT Newswires Live","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2535821182?lang=en_us&edition=fundamental","pubTime":"2025-05-15 22:10","pubTimestamp":1747318202,"startTime":"0","endTime":"0","summary":"Addentax Group  said Thursday it is in discussions with major cryptocurrency holders to acquire up to 8,000 bitcoins and other cryptocurrencies valued at nearly $800 million, through the issuance of common shares.No definitive agreement has been reached, the company said.The Shenzhen, China-based company said it \"aims to strengthen its balance sheet by acquiring highly-liquid and widely recognized digital assets, while also bringing in new shareholders with demonstrated experience and expertise in the cryptocurrency sector.\"Addentax shares were 52% higher at about $1.19 in recent trading.Price: 1.18, Change: +0.40, Percent Change: +51.67","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"shareholding","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["APT.USD.HKCC","TON.USD.HKCC","BK4131","ATXG","APT.USD.CC","TON.USD.CC"],"gpt_icon":0},{"id":"2535074823","title":"Addentax Group Corp. 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