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Lianlian Digits Plans to Raise Approximately HKD 394 Million through Preferential Placement, for Blockchain, AI, and Other Technology Applications

10 hours ago

July 13th. LianLian Digital (02598.HK) announced that on July 12, 2025, it entered into a placement agreement with a placement agent. Under this agreement, 38.4 million new H shares will be privately placed at HK$10.25 per share to no fewer than six independent professional individuals, institutions, and/or other investors. The announcement stated that if all the placement shares are fully subscribed, the total gross proceeds from the placement are expected to be approximately HK$394 million. The Company intends to use the net proceeds for the innovation and application of blockchain and other innovative technologies in the global payment field, global business and license expansion, as well as for general corporate purposes. LianLian Digital emphasized that this placement will assist in accelerating business innovation, enhancing capabilities and applications in new technologies such as blockchain and AI, and expanding application scenarios, thereby strengthening its global strategic business layout. LianLian Digital was established in 2009 and is one of the first digital technology companies in China to provide comprehensive payment solutions globally. It successfully listed on the Main Board of the Hong Kong Stock Exchange on March 28, 2024, mainly offering digital payment services and value-added services.

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Yunxi Technology: Actively Exploring the Incorporation of Stablecoins into Everyday Retail Life

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