Data: Lianlian Digital plans to raise HKD 394 million to enhance the application of blockchain and other innovative technologies in the global payment field

ChainCatcher news, according to Zhitong Finance, Lianlian Digital announced that on July 12, 2025, it entered into a placement agreement with the placement agent, planning to place 38.4 million new H shares at a price of HKD 10.25 per share to no fewer than six independent professionals, institutions, and/or other investors.

The announcement shows that assuming all placement shares are fully placed, the total amount of funds raised is expected to be approximately HKD 394 million, which is intended to be used for the innovation and application of blockchain and other innovative technologies in the global payment field, global business and license expansion, and general corporate purposes.