Lianzhong's Stock Surges Following Cryptocurrency Investment Announcement

According to Foresight News, shares of Hong Kong-listed company Lianzhong (06899.HK) have risen by over 35%, reaching 0.4 HKD at the time of reporting. This surge follows the company's announcement that its subsidiary, AGAE, has invested in Bitcoin (BTC) and increased its holdings in Ethereum (ETH). The move is part of a strategic plan to incorporate cryptocurrencies into its balance sheet, laying the groundwork for blockchain applications and real-world asset tokenization.