LianLian DigiTech Plans to Raise Approximately HK$394.00 million for the Application of Blockchain and Other Technologies in the Global Payment Field

Hong Kong-listed LianLian DigiTech has announced the issuance of 38.40 million new H shares, with a par value of RMB 1.00 per share, representing the company's registered capital. The placement price per share is HK$10.25. Assuming all placement shares are successfully placed, the total proceeds from the placement are expected to be approximately HK$394.00 million. The company intends to use the net proceeds for innovation and application of innovative technologies such as blockchain in the global payment field, global business and license expansion, and general corporate purposes. [Odaily Planet Daily News]