LINEKONG Surges Up to 14% Intraday as Company Announces $100 Million Fundraising Plan

Deep News

08/14

LINEKONG (08267) surged up to 14% during intraday trading. As of press time, the stock was up 4.35% to HK$0.72, with trading volume reaching HK$6.156 million.

On August 14, LINEKONG announced that the group plans to launch an asset management and fundraising plan with a total scale of $100 million through LK Crypto. This plan will include the group's existing funds and crypto assets, and will be open to the market to attract external investors for joint participation. The Bitcoin, Ethereum, and SOL assets currently held by the group and its affiliated companies provide a solid foundation and transparent backing for this plan.

The funds will be primarily allocated to: high-quality cryptocurrency assets with long-term growth potential, Web3 ecosystem infrastructure projects, and global quality equity assets related to the group's strategic development direction. This initiative aims to further expand the group's strategic positioning in the global crypto assets and Web3 sectors.

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As of press time, the stock was up 4.35% to HK$0.72, with trading volume reaching HK$6.156 million.</p>\n<p>On August 14, LINEKONG announced that the group plans to launch an asset management and fundraising plan with a total scale of $100 million through LK Crypto. This plan will include the group's existing funds and crypto assets, and will be open to the market to attract external investors for joint participation. The Bitcoin, Ethereum, and SOL assets currently held by the group and its affiliated companies provide a solid foundation and transparent backing for this plan.</p>\n<p>The funds will be primarily allocated to: high-quality cryptocurrency assets with long-term growth potential, Web3 ecosystem infrastructure projects, and global quality equity assets related to the group's strategic development direction. 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