HK Stock Market Move | LINEKONG (08267) rises more than 19% in the afternoon, announcing the establishment of the LK Crypto Business Unit to accelerate the layout of Web3 and RWA assets.

LINEKONG (08267) surged over 19% in the afternoon, up 15.15% as of press time, trading at 0.57 Hong Kong dollars with a turnover of 2.3179 million Hong Kong dollars. In terms of news, LINEKONG announced in the afternoon that it has established the "LK Crypto" business unit to accelerate the layout of Web3 and Real World Asset (RWA) assets. The announcement stated that in order to further optimize the business structure of the group, integrate encrypted assets and Web3 resources, and seize the historic opportunities brought by the Web3 policies in Hong Kong, the establishment of the "LK Crypto" business unit was announced as the core platform for the execution of the group's Web3 strategy. This unit will oversee all Web3 and encrypted asset-related businesses of the group, including mainstream encrypted asset management such as Bitcoin, Ethereum, Solana held by the group; and encrypted asset management of the group's equity investment companies, including LK Venture, Marsbit, Element, etc.