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Deep Tide TechFlow News, February 11th, according to Prnewswire Baodao, the U.S. publicly listed company Addentax Group Corp. (Yingxi Group) has signed a memorandum of understanding with two Middle Eastern royal-supported institutional investors on February 9th, aiming to secure strategic investments totaling up to $200 million to support the company's business development in artificial intelligence and cryptocurrency financial services.
Addentax stated that if the transaction is completed, the investment will be used to expand its AI-driven fintech platform, develop a compliant cryptocurrency financial services portfolio, deepen market penetration in Hong Kong and the Asia-Pacific region, and continue R&D investments. The deal is still subject to due diligence, regulatory approval, and the signing of final agreements.