LianLian DigiTech Announces Fundraising of Approximately HK$394 Million for Innovative Technologies Such as Blockchain

Hong Kong-listed company LianLian Digital (02598.HK) has announced that it has signed an agreement with placement agents to place 38.40 million new H shares to no fewer than six independent investors at HK$10.25 per share, with expected total proceeds of approximately HK$394.00 million. The funds raised will be used for the application of innovative technologies such as blockchain in global payment scenarios, international business and license expansion, and general corporate purposes. [Wu Shuo]