HK-Listed LianZhong (06899.HK) Surges 40% After Subsidiary Invests in Bitcoin and Increases Ethereum Holdings

Hong Kong-listed LianZhong (06899.HK) experienced a pronounced intraday rally, with shares climbing more than 40% to trade at 0.415 Hong Kong dollars during today’s session, according to market data. The move reflected heightened investor attention amid the company’s recent strategic disclosures and contributed to notable intraday volatility in the stock.

The firm disclosed that subsidiary AGAE has allocated capital to acquire Bitcoin (BTC) and has boosted its holdings of Ethereum (ETH). The announcement confirms a deliberate portfolio adjustment toward digital assets as part of the group’s broader financial positioning.

LianZhong framed the transactions as elements of a strategic plan to integrate cryptocurrency into its corporate balance sheet and to underpin future blockchain initiatives, including RWA tokenization (real‑world asset tokenization), positioning the company to explore token-based applications within its ecosystem.