Addentax Signs Memorandum of Understanding to Raise $200 Million Through Share Placement to Support Cryptocurrency and AI Strategy

02/11 02:55

 Nasdaq-listed company Addentax Group has announced the signing of memorandums of understanding with two investment institutions to raise a total of $200 million by issuing common shares at a price of $1.5 per share in the U.S. stock market, to support business growth in the fields of artificial intelligence (AI) and cryptocurrency financial services.

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