LianLian Digital Plans to Raise Approximately HK$394 Million to Support the Application of Blockchain and Other Technologies in Global Payments

Odaily Planet Daily reports that Hong Kong-listed company LianLian Digital has announced the issuance of 38.4 million new H shares, each with a par value of RMB 1.00, as part of its registered capital. The placement price per share is HKD 10.25. Assuming all placement shares are fully subscribed, the total proceeds are expected to be approximately HKD 394 million. The company plans to use the net proceeds for the innovation and application of blockchain and other innovative technologies in the global payments sector, global business and license expansion, and general corporate purposes.