Techub News: Nasdaq-listed company Addentax Group Corp announced that it has signed a memorandum of understanding with two Middle Eastern royal family-backed institutional investors, aiming to raise a total of $200 million through a common stock offering. The funds will primarily be used to support the company's business expansion and strategic layout in cryptocurrency financial services and artificial intelligence. The company has already outlined a long-term investment and holding plan for crypto assets last year, intending to acquire up to 12,000 Bitcoin and invest in other cryptocurrencies including TRUMP.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Techub News: Nasdaq-listed company Addentax Group Corp announced that it has signed a memorandum of understanding with two Middle Eastern royal family-backed institutional investors, aiming to raise a total of $200 million through a common stock offering. The funds will primarily be used to support the company's business expansion and strategic layout in cryptocurrency financial services and artificial intelligence. The company has already outlined a long-term investment and holding plan for crypto assets last year, intending to acquire up to 12,000 Bitcoin and invest in other cryptocurrencies including TRUMP.