Futu said to mull capital increase in digital Airstar Bank

Futu Holdings is reportedly considering a second capital increase in the digital bank Airstar Bank, following its investment of HK$440 million to acquire a 44.11 percent indirect stake in the bank in 2024, according to local media.

The group is expected to replace Xiaomi (1810) and become the bank’s largest single and controlling shareholder holding more than 50 percent of the shares.

The capital increase plan is subject to regulatory approval.

Both Futu and Airstar Bank spokespersons have declined to comment on the report.

Airstar Bank’s losses expanded by 44 percent to HK$300 million last year.

STAFF REPORTER