Addentax Group Corp. (NASDAQ: ATXG) is taking a meaningful step beyond its traditional business lines with a proposed acquisition that could significantly reshape its long-term growth profile. The company plans to acquire the offshore wealth management and cross-border services business of Hong Kong-based Riches Group, expanding into AI-powered financial services and regulated digital asset solutions.
If completed, Addentax expects the acquisition to contribute roughly HKD 300 million in annualized revenue, based on internal estimates. More importantly, the move positions the company at the intersection of artificial intelligence, global wealth management, and compliant crypto-enabled financial services.
Why This Acquisition Matters Strategically
Riches Group has built a diversified offshore services platform serving high-net-worth clients across multiple regions. Its offerings span global wealth management, private banking, fund custody, fixed-income products, offshore insurance, and a wide range of cross-border lifestyle services such as property investment, education planning, immigration consulting, and healthcare coordination.
The platform has historically processed monthly transaction volumes exceeding HKD 100 million and supported more than 1,000 high-net-worth families worldwide. For Addentax, this represents immediate access to an established revenue engine, a global client base, and deep operational expertise in offshore finance.
AI-Driven Wealth Management and Regulated Crypto Exposure
A key part of the proposed acquisition is Riches Group’s AI-enabled wealth advisory technology. These tools are designed to deliver personalized asset allocation, real-time risk assessment, and data-driven portfolio insights. Once integrated, this capability could materially enhance Addentax’s ability to deliver scalable, high-margin financial services.
The acquisition would also provide exposure to regulated digital asset services operating within Hong Kong’s legal framework. This includes compliant digital currency custody and investment solutions, allowing Addentax to offer crypto-related exposure as part of diversified offshore portfolios without stepping outside regulatory boundaries.
Market Impact and Long-Term Opportunity
This transaction signals Addentax’s ambition to transition into a global fintech and cross-border financial services platform. By combining its public-market presence with Riches Group’s offshore infrastructure, the company aims to expand across Southeast Asia, Europe, and North America while deepening relationships with high-net-worth clients and institutional partners.
The addition of more than 4,000 professional advisors, along with AI and digital asset research capabilities, gives Addentax a foundation for long-term product innovation and international scale. For investors, the proposed acquisition represents a pivot toward higher-growth, technology-enabled financial services with recurring revenue potential.
About Addentax Group Corp.
Addentax Group Corp. is an integrated service provider with operations spanning garment manufacturing, logistics services, and property management and subleasing. Through strategic expansion initiatives, the company is seeking to broaden its footprint into global fintech, AI-driven services, and cross-border wealth management.
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