cryptonews.net
TIAN RUIXIANG Holdings Ltd (NASDAQ: TIRX), China-based insurance services public company, confirmed it is in advanced talks on a strategic business combination with a leading Asia-Pacific insurance technology company. The target is described as a regional InsurTech platform with AI-based underwriting, digital distribution and automated claims systems across several Asian markets.
Under the proposed structure, existing TIRX shareholders would retain their public listing and ownership while participating in the combined company’s future performance. The firm stated that there are no plans for privatization and that its NASDAQ status and reporting standards will remain in place.
In parallel, Tian Ruixiang continues to advance its previously announced plan to acquire up to 15,000 Bitcoin as part of a broader treasury strategy. Management views the digital asset allocation as an additional driver of long-term value alongside the planned InsurTech combination.
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