JX Luxventure Group Inc. (NASDAQ: JXG) finalized a share exchange to acquire a 10% stake in Dazzly Investment, Inc. Dazzly Investment operates as a B2B pharmaceutical distributor based in Hong Kong. The all-stock transaction closed on May 20, 2026, and was disclosed on May 22.
JX Luxventure issued 2,783,046 new common shares to Dazzly’s shareholders. This issuance raises the total outstanding shares to 12,059,877. The transaction introduces equity dilution for existing shareholders.
The acquisition marks a strategic diversification into the healthcare supply chain. This expansion broadens the company’s existing wholesale and tourism ecosystem.