Lianlian DigiTech Co., Ltd. Class H (HK:2598) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Lianlian DigiTech Co., Ltd. has announced the sale of part of its equity interest in an associate company, with significant stakes being acquired by Amex TRS and AEMD. The transaction involves Amex TRS purchasing a 14.27% stake for RMB 1.57 billion and AEMD acquiring a 0.29% stake for RMB 32 million. This deal also includes a capital increase that will see Amex TRS holding a majority stake in the target company.
For further insights into HK:2598 stock, check out TipRanks’ Stock Analysis page.