JX Luxventure agrees to buy additional 19% stake in Dazzly in share swap
JXG•JX Luxventure agreed to acquire an additional 19% stake in Dazzly Investment, bringing its holding to 29%. It will issue 4,970,000 shares valued at $7.52 each, representing about 29% of its outstanding common stock.
1. Share swap terms
JX Luxventure agreed on November 9, 2026, to acquire an additional 19% stake in Dazzly Investment, increasing its holding to 29%. Consideration is 4,970,000 common shares valued at $7.52 each, a 20% discount to the November 6 closing price of $9.40. The new shares represent approximately 29% of JX Luxventure's outstanding common stock.
2. Dazzly business
Dazzly operates a pharmaceutical distribution and wholesale business in Hong Kong through its wholly owned subsidiary Lang Hui Trade.
