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Addentax Group Inks MoU With Two Institutional Investors For $200M Equity Investment

Benzinga·02/10/2026 14:26:38
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Addentax Group Corp. (NASDAQ:ATXG) (the "Company", "ATXG", "we", "us" or "our") today announced that on February 9, 2026, it entered into separate memorandum of understanding (each, an "MOU;" together, the "MOUs") with two institutional investors, backed by a Middle Eastern royal family, setting forth a preliminary understanding regarding a potential strategic equity investment totaling US$200 million to support the Company's business growth in artificial intelligence ("AI") and cryptocurrency financial services. Pursuant to the MOUs, subject to the negotiation and execution of definitive agreements, each investor intends to invest up to US$100 million by acquiring newly issued shares of common stock of ATXG at a fixed price of US$1.50 per share.