LianLian DigiTech plans to raise approximately HK$394 million through placement, with funds to be used for the application of innovative technologies such as blockchain in the global payment field.

According to Zhitong Finance, LianLian DigiTech announced that on July 12, 2025, it entered into a placement agreement with the placement agent to place 38.40 million new H shares to no less than six independent professionals, institutions, and/or other investors at HKD 10.25 per share. The announcement shows that assuming all placement shares are placed, the total proceeds from the placement are expected to be approximately HKD 394.00 million, and the net proceeds are intended to 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. [Foresight News]