The Hong Kong-listed company "Lihau Holdings" has canceled its plan to purchase cryptocurrency for HKD 24 million

According to Zhitong Finance, Hong Kong listed company Likao Holdings (08472.HK) announced that after considering the special risks associated with investing in cryptocurrencies and commodities, as well as the expertise and experience of the company's management team in these markets, the company has resolved on November 7, 2025, that it will not proceed with the proposed plan to purchase cryptocurrencies and commodities; and the approved budget of HKD 24 million will be canceled.