ATX Group enters negotiation to acquire multiple online money lending platforms

Addentax Group announced that it has entered into mature negotiations to acquire multiple leading online money lending platforms across the Asia Pacific region, with definitive agreements expected to be executed subject to the completion of ongoing negotiations, due diligence, regulatory approvals and other customary conditions. “We are pleased to announce this strategic acquisition initiative, which we believe has the potential to significantly expand Addentax’s participation in the Asia Pacific fintech sector,” said the Chief Executive Officer of Addentax, Hong Zhida. “These platforms represent innovative participants in AI-driven digital lending and emerging financial technologies. By potentially bringing them together under the ATXG umbrella, we aim to build a technology-driven digital credit platform with meaningful scale, technological capabilities and regional market reach. We believe this initiative could support long-term value creation for our stockholders, partners and customers across the Asia Pacific.”