Addentax Group to acquire Riches Group's offshore wealth ecosystem

Addentax seeks to absorb Riches Group's offshore wealth ecosystem

Addentax Group is proposing to acquire the offshore wealth management and cross-border services business of Hong Kong-based Riches Group in a move to broaden its global service footprint and digital capabilities. The deal, if completed, integrates Riches’ offshore business ecosystem — including private banking, fund custody, global fixed-income products and offshore US dollar insurance — into Addentax’s platform. Addentax says preliminary internal estimates indicate the acquisition could contribute about HKD 300 million in annualized revenue, subject to closing and integration outcomes.

The acquisition would give Addentax immediate access to Riches’ established client base and service network, which historically supports monthly transaction volumes exceeding HK$100 million and a client roster of more than 1,000 high-net-worth families and over 10,000 households. In addition to core wealth management, the assets on offer include cross-border lifestyle services such as global property investment and management, international education planning, investment residency and citizenship solutions, and medical travel services. Corporate and fiduciary offerings — offshore company registration, tax planning and global trust establishment — are also part of the package Addentax is targeting.

Crucially for Addentax’s strategy, the deal brings proprietary AI algorithms and regulated digital asset capabilities developed by Riches. Addentax highlights the AI tools for personalized asset allocation, real-time risk assessment and market insights, together with Riches’ regulated digital asset custody and investment experience under Hong Kong’s framework. Management anticipates these capabilities accelerate cross-border revenue synergies, expand client reach in key markets and enhance digital-asset product penetration across Addentax’s distribution channels.

Regulatory clearance and integration planning remain underway

The transaction is subject to customary due diligence, regulatory approvals and the signing of definitive agreements. Addentax is conducting integration planning to align platforms, compliance frameworks and client onboarding processes across jurisdictions before any deal completion.

Strategic fit within Asia’s cross-border wealth market

The move reflects broader demand in Asia for integrated cross-border wealth solutions that combine traditional private banking, lifestyle services and crypto/digital asset offerings. For Addentax, acquiring an operating ecosystem in Hong Kong aims to accelerate its expansion into high-net-worth segments and strengthen its position in the region’s evolving cross-border financial services market.