LianLian DigiTech Plans to Raise Approximately HK$394 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 placement agreement with placement agents to plan to place 38.40 million new H shares to no less than six independent professionals, institutions, and/or other investors at HK$10.25 per share. The announcement shows that assuming all placement shares are placed, the gross 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 this 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. [Shenchao TechFlow]