Lianzhong (06899.HK) experienced a significant surge in its H-share price, climbing over 40% to 0.415 HKD. This rise follows the announcement that its subsidiary, AGAE, has invested in Bitcoin and increased its Ethereum holdings. The move is part of a strategic initiative to incorporate cryptocurrencies into its balance sheet, paving the way for future blockchain applications and real-world asset (RWA) tokenization.
Lianzhong H-Share Soars 40% Following Subsidiary's Crypto Investments
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