Meiwu Technology stock: Meiwu completes Hemeitong deal as doubt shadows stock

Published on 10/28/2026 at 06:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The September 22 acquisition cost USD 35.11 million in cash. For Meiwu Technology stock, Hemeitong reported USD 7.81 million revenue through July.

Transaction and financial risk

Meiwu completed the Hemeitong acquisition for USD 35.11 million on September 22, 2026.
Hemeitong reported USD 7.81 million in revenue for the seven months ended July 31, 2026.
The acquired business held USD 2,558 in cash and a USD 52,840 working capital deficit on December 31, 2025.

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Meiwu Technology (ISIN VGG9604C1234) completed its acquisition of Xiamen Hemeitong for USD 35.11 million in cash on September 22, 2026, while the acquired business carried a formal going-concern warning. The transaction gives the company a larger operating base, but the financial disclosures add a material risk factor.

Acquisition adds revenue

According to StockTitan, Hemeitong generated USD 4.74 million in revenue in fiscal year 2025, up from USD 1.38 million in fiscal year 2024. It also reported USD 274,798 in net income in fiscal year 2025, compared with a USD 133,520 net loss in fiscal year 2024.

The acquired company reported USD 7.81 million in revenue and USD 991,383 in net income for the seven months ended July 31, 2026, according to StockTitan. Those figures provide the clearest operating measure of the business Meiwu has added.

Three dates define the deal

On August 20, 2026, Meiwu and the sellers dated the equity transfer agreement, with consideration later disclosed at USD 35.11 million, according to StockTitan. On September 22, 2026, Meiwu completed the purchase of 100 percent of Hemeitong. On October 2, 2026, Meiwu filed an amended Form 6-K covering audited fiscal year 2025 and fiscal year 2024 statements for Hemeitong, as Economic Observation Network reported.

What does the acquisition change?

The answer depends on integration and liquidity. Hemeitong had USD 2,558 in cash, a USD 52,840 working capital deficit and a USD 23,526 shareholders' deficit as of December 31, 2025, according to StockTitan. The auditor said those conditions raised substantial doubt about Hemeitong's ability to continue as a going concern.

Financial risk remains central

The acquisition is therefore more than a revenue expansion. Meiwu paid USD 35.11 million for a business that reported USD 7.81 million in seven-month revenue but also disclosed sharply weaker liquidity at the latest audited year-end. Investors will likely assess whether the 2026 operating figures can support the purchase price and the combined company's funding needs.