According to the company, a new MOU with Middle East royals-backed investors targets $200M to accelerate AI fintech and compliant crypto services growth in the Asia-Pacific region.
Addentax Group announced it has signed memorandums of understanding with two Middle East royals-backed investors to raise up to $200 million via private placement at $1.50 per share. The deal, pending due diligence and regulatory approval, will fund expansion in AI fintech and compliant cryptocurrency services in Asia-Pacific. This follows earlier plans that included acquiring up to 12,000 Bitcoin and TRUMP tokens, signaling a continued aggressive push into digital assets alongside AI initiatives.