LianLian DigiTech Plans to Raise Approximately HK$394.00 million Through Placement for Blockchain, AI, and Other Technology Applications

On July 13, LianLian DigiTech (02598.HK), a Hong Kong stock, announced that on July 12, 2025, it entered into a placing agreement with placing agents to place 38.40 million new H shares to no less than six independent professionals, institutions, and/or other investors at a price of HK$10.25 per share.

The announcement shows that assuming all the placed shares are placed, the total proceeds from the placement are expected to be approximately HK$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. LianLian DigiTech stated that the placement will help the company accelerate business innovation and the improvement and application scenario expansion of new technologies and capabilities including blockchain and AI, and strengthen the global strategic business layout.

LianLian DigiTech was established in 2009 and is one of the first digital technology companies in China to provide a wide range of payment solutions globally. It was successfully listed on the Main Board of the Hong Kong Stock Exchange on March 28, 2024, and mainly provides digital payment services and value-added services. [BlockBeats]