Data: Lianlian Digital plans to raise HK$394 million to increase the application of innovative technologies such as blockchain in the global payment field
TechFlame
2025-07-13 12:31
TechFlame2025-07-13 12:31
English
According to TechFlame, according to Zhitong Finance, a series of digital announcements were made to enter into a placement agreement with the placement agent on July 12, 2025. The plan is to place 38.4 million new H shares to no less than six independent professionals, institutions and/or other investors at HK$10.25 per share.
According to the announcement, assuming that all of the shares are placed, the total proceeds from the placement are estimated to be approximately HK$394 million. The net proceeds will be used for innovation and application of innovative technologies such as blockchain in the global payment field, global business and license expansion, and general corporate purposes.