Addentax Group Corp. has announced its intention to acquire a Hong Kong-based digital lending platform, marking a significant strategic move into the Asia-Pacific fintech sector. The proposed acquisition aims to integrate regulated lending operations and advanced AI-driven credit technologies, bolstering Addentax’s financial technology capabilities.
Addentax Group Corp. is actively pursuing the acquisition of a licensed digital lending platform based in Hong Kong. This strategic move is designed to significantly enhance the company’s footprint in the rapidly growing Asia-Pacific digital finance sector. The target platform, established in 2016, operates under Hong Kong’s Money Lenders Ordinance and specializes in providing consumer and SME financing through technology-driven channels.
The proposed acquisition is poised to bring substantial benefits to Addentax. The Hong Kong platform boasts a robust operational system, a mature compliance framework, and advanced AI-driven credit assessment tools. These capabilities are expected to strengthen Addentax’s financial technology offerings, including data-driven risk modeling and efficient digital service delivery. With historical loan approvals exceeding HK$2 billion and serving over 30,000 customers annually, the platform represents a significant opportunity for new business growth.
This initiative signifies Addentax Group’s strategic diversification beyond its traditional garment manufacturing and logistics services. By integrating the Hong Kong platform’s licensing, infrastructure, and local market expertise, Addentax aims to solidify its operational presence in Hong Kong and explore broader regional opportunities in technology-enabled financial services. The company anticipates that the acquired capabilities may also support the development of compliant digital asset-related financial applications, reflecting an exploration into evolving financial landscapes.