Lianlian DigiTech Shareholder’s Shares Frozen Amid Legal Dispute

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

Lianlian DigiTech Co., Ltd. announced that an additional 72,115,995 unlisted shares held by Mr. Lu Zhonglin, a controlling shareholder, have been judicially frozen due to civil case disputes. This freezing, executed by the Xihu District People’s Court of Hangzhou City, represents approximately 6.68% of the company’s total shares and will last until April 27, 2028. Despite this, the company assures stakeholders that the freezing will not affect its controlling shareholders or impact its business operations, governance, or daily management.

The most recent analyst rating on (HK:2598) stock is a Buy with a HK$12.00 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 joint stock company incorporated in the People’s Republic of China, operating within the financial technology sector. The company is involved in providing digital technology services and solutions, with a focus on enhancing financial operations and services.

Average Trading Volume: 722,800

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$8.99B

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