ATXG @ 99.00 > Addentax Group Corp. shares tripled to $24.30 after the company's underwritten public offering of 5 million common shares priced at $5 a share for proceeds of $25 million.
The company's shares began trading on Nasdaq Capital Market under the ticker symbol ATXG on Wednesday.
Addentax has granted the underwriter an option, exercisable within 45 days from the date of the underwriting agreement, to buy up to an additional 750,000 shares to cover over-allotments, if any.
The offering is expected to close Friday.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
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