Futu Holdings (FUTU.US) is studying to increase its stake in Tianxing Bank again or may become the controlling shareholder.

According to the Chuangjing Finance APP, it was reported that FUTU.US is studying the possibility of increasing its stake in Tianxing Bank. FUTU may become the largest single controlling shareholder of Tianxing, potentially replacing Xiaomi Group. However, this plan still needs to be confirmed by all parties involved and approved by the financial regulatory authorities. In response to this, spokespeople from FUTU and Tianxing Bank stated that they do not respond to or comment on rumors.