Addentax exploring acquisition of Asia-Pacific digital lending platforms
March 17, 2026 11:20 AM
IH Market News
Addentax Group Corp. (NASDAQ:ATXG) said it has begun negotiations to acquire several online money lending platforms operating across the Asia-Pacific region.
The company said any definitive agreements will depend on the outcome of negotiations, completion of due diligence, regulatory approvals and other customary conditions. It added that there is no guarantee the discussions will lead to signed agreements or completed transactions.
According to the company’s statement, the targeted platforms operate digital lending businesses that include AI-supported credit assessment tools, personal digital lending and, where regulations allow, financial services linked to digital assets. Based on information provided by the potential targets, the combined platforms serve more than 600,000 customers and generate an estimated annual loan origination volume exceeding HK$25 billion.
“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 Chief Executive Officer Hong Zhida.
The move comes as the company faces financial pressure. With a market capitalization of about $3.08 million and its share price down roughly 71% over the past year, data from InvestingPro indicates the company is rapidly using cash while reporting a gross profit margin of just 9.85%. The stock currently trades at a price-to-book ratio of 0.15, though the company’s balance sheet shows more cash than debt.
Any potential transactions would remain subject to typical closing requirements, including final due diligence, board approvals and regulatory clearance from financial authorities in the jurisdictions where the target companies operate.
Addentax Group Corp. currently operates as an integrated service provider focused on garment manufacturing and logistics. The company said it will provide further updates as negotiations progress.
In related developments, Addentax recently signed memorandums of understanding with two institutional investors regarding a potential $200 million investment intended to support expansion into artificial intelligence and cryptocurrency-related financial services. Each investor, reportedly supported by a Middle Eastern royal family, could invest up to $100 million by purchasing newly issued shares at $1.50 per share.
The company also disclosed plans to acquire the offshore wealth management and cross-border services business of Hong Kong-based Riches Group. The acquisition is expected to align with Addentax’s international expansion strategy and could contribute roughly HKD 300 million in annualized revenue.
Separately, Addentax adopted ?????? as its official Chinese-language business name while retaining Addentax Group Corp. as its legal corporate name. The company said these steps reflect ongoing efforts to strengthen operations and broaden its presence in new markets.
Addentax Group stock price
Original: Addentax exploring acquisition of Asia-Pacific digital lending platforms
Market Data 
Markets 
AI
