According to the company, an independent valuer will be appointed to ascertain the finalised transaction value of the acquisition.
Alpha DX Group, which has been suspended for trading since March 11 2022, is planning a US$60 million reverse takeover of Shanghai Kedong Network Technology Co.
Alpha DX, now under judicial management, plans to fund the acquisition by issuing new shares at 3.273 cents each, or 2.4 US cents.
