PANews reported on June 30 that according to Yahoo Finance, Hong Kong-listed company Newfire Technology (01611.HK) announced that it would issue a total of 166 million subscription shares to five subscribers, equivalent to 22.08% of the company's enlarged share capital, with a subscription price of HK$1.66 per share, a 29.66% discount to the closing price of HK$2.36 on June 27, and a total amount of HK$275.6 million. Major shareholder Avenir Investment (Subscriber I) increased its shareholding in the company from 29.08% to 29.84%; LINEX Holdings Ltd. (Subscriber II) will subscribe for HK$124 million, becoming the largest subscriber in this round, with a shareholding ratio of 10%; TX Capital Holdings Ltd. (Subscriber III) will hold 1%; Night Wood (Subscriber IV), which is indirectly wholly owned by the Executive Chairman, will hold 3.43%; and Rosen Holdings Ltd. (Subscriber V) will hold 0.48%.

In addition, according to the announcement, the actual controller of LINEX Holdings Ltd. is Livio Weng, a former core executive of HashKey. Livio Weng joined HashKey Group in 2023 as Chief Operating Officer and the first CEO of HashKey Exchange. Livio Weng also served as CEO of Huobi Global from 2018 to 2021.