Advanced Deposition Technologies, Inc. (OTCPK:ADTC) signed a letter of intent to acquire The Great Tahou Holdings Ltd. for $74.3 million in stock on December 14, 2015. As on January 20, 2016, Advanced Deposition Technologies, Inc signed a stock exchange and reorganization agreement for the acquisition. Advanced Deposition will issue 300 million common shares as consideration. The Great Tahou Holdings Ltd. will operate as a wholly owned subsidiary of Advanced Deposition after the acquisition. The Board of Directors of Advanced Deposition Technologies have approved a resolution wherein Advanced Deposition Technologies is proposing to change its name to The Great Tahou Holdings Ltd, Advanced Deposition will increase total common stock to 800 million and total preferred stock to 200 million shares. The transaction is expected to close in mid-2016.

Advanced Deposition Technologies, Inc. (OTCPK:ADTC) completed the acquisition of The Great Tahou Holdings Ltd. on January 22, 2016.