Addentax Group Corp., a company listed on Nasdaq, has announced plans to acquire the offshore wealth management and integrated cross-border services business of Hong Kong's Riches Group. According to Foresight News, this acquisition aims to integrate Riches Group's offshore business ecosystem, AI financial solutions, and digital currency and crypto services, while entering the compliant digital asset services sector under Hong Kong's regulatory framework.
Addentax Group is a comprehensive service provider primarily engaged in apparel manufacturing, logistics services, and property management and subleasing. Riches Group's business encompasses global wealth management, private banking, fund custody, and cross-border lifestyle services.