Addentax Group announced that it has entered into late-stage negotiations regarding a proposed acquisition of a Hong Kong-based online credit services provider operating under a licensed money lending framework. The Company believes that, if completed, the transaction would expand ATXG‘s presence in the Asia-Pacific digital finance sector by integrating regulated lending operations, AI-driven credit technologies, and digital asset-related innovation initiatives. Founded in 2016, the Hong Kong-based licensed digital lending platform operates under Hong Kong’s Money Lenders Ordinance. If completed, ATXG intends to leverage the Hong Kong-based licensed digital lending platform’s licensing framework, infrastructure, and local market knowledge to enhance its operational footprint in Hong Kong and explore broader regional opportunities.
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