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Lianlian DigiTech Co., Ltd. Class H ( (HK:2598) ) just unveiled an announcement.
Lianlian DigiTech Co., Ltd. has disclosed that a significant portion of shares in the company held by controlling shareholder Lu Zhonglin is no longer subject to judicial freezing. Authorities have lifted restrictions on 73,715,995 unlisted shares, equal to about 6.56% of the company’s issued share capital, while a remaining block of 18,600,560 unlisted shares, or roughly 1.65%, remains frozen.
Following the partial uplift, Lu continues to directly hold 92,316,555 unlisted shares, representing around 8.21% of Lianlian DigiTech’s total issued shares, and remains part of a concert party that collectively controls about 35.12% of the company. The change eases constraints over a large stake previously frozen, potentially improving flexibility around the shareholder’s holdings, while the company has pledged ongoing disclosure and warned investors to exercise caution when trading its securities.
The most recent analyst rating on (HK:2598) stock is a Hold with a HK$7.50 price target. To see the full list of analyst forecasts on Lianlian DigiTech Co., Ltd. Class H stock, see the HK:2598 Stock Forecast page.
More about Lianlian DigiTech Co., Ltd. Class H
Lianlian DigiTech Co., Ltd. is a Chinese fintech company listed in Hong Kong, with controlling shareholders holding just over a third of its issued share capital. Its ownership structure includes individual founders and an investment partnership acting in concert, reflecting a concentrated control profile common among mainland technology issuers.
Average Trading Volume: 1,873,816
Technical Sentiment Signal: Sell
Current Market Cap: HK$7.89B
See more insights into 2598 stock on TipRanks’ Stock Analysis page.