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Lianlian DigiTech Faces Judicial Freezing of Shares

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Lianlian DigiTech Co., Ltd. Class H ( (HK:2598) ) has shared an update.

Lianlian DigiTech Co., Ltd. announced that 20,200,560 unlisted shares held by Mr. Lu Zhonglin, a controlling shareholder, have been judicially frozen due to civil disputes. This freezing, executed by the Yuhang District People’s Court of Hangzhou City, represents approximately 1.87% of the company’s total shares and will last until March 27, 2028. The company assures that this action will not affect its operations, corporate governance, or management, and there will be no change in the controlling shareholders.

More about Lianlian DigiTech Co., Ltd. Class H

Lianlian DigiTech Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the digital technology sector. The company is listed on the Hong Kong Stock Exchange and is involved in providing various digital and financial technology services.

YTD Price Performance: -36.14%

Average Trading Volume: 966,934

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$8.69B

See more data about 2598 stock on TipRanks’ Stock Analysis page.

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