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An announcement from Lianlian DigiTech Co., Ltd. Class H ( (HK:2598) ) is now available.
Lianlian DigiTech Co., Ltd. has obtained Money Services Business registration from Canada’s financial intelligence unit FINTRAC by acquiring a registered entity. The authorization allows the group to conduct regulated foreign exchange, money transfer, virtual currency and PSP activities across Canada, expanding its global footprint and enhancing its ability to serve cross-border payment and digital finance customers.
The company stated that the acquisition underlying the registration does not qualify as a notifiable or connected transaction under Hong Kong listing rules. This suggests the deal is relatively small in financial terms but strategically significant, giving Lianlian a licensed platform in a major developed market without triggering additional disclosure or approval requirements for shareholders.
More about Lianlian DigiTech Co., Ltd. Class H
Lianlian DigiTech Co., Ltd. is a Chinese financial technology company providing digital payment and money services solutions. The group focuses on regulated activities such as foreign exchange, money transfer, virtual currency services and payment service provider (PSP) offerings, targeting cross-border and international transaction markets.
Average Trading Volume: 2,155,623
Technical Sentiment Signal: Sell
Current Market Cap: HK$6.73B
For detailed information about 2598 stock, go to TipRanks’ Stock Analysis page.