LianLian Digital, a company listed in Hong Kong, officially issued 38.4 million new H shares to raise nearly 394 million HKD.

The purpose of this share issuance is to invest in blockchain technology in the global payment sector, expand business and develop licenses, while also serving the company's general operational purposes.

MAIN CONTENT

  • LianLian Digital issued 38.4 million H shares at 10.25 HKD/share.

  • The expected amount raised is approximately 394 million HKD.

  • The capital raised will be used for developing blockchain technology and expanding global business.

How does LianLian Digital raise capital and what is the scale?

The issuance of new capital with 38.4 million H shares, each with a par value of 1 yuan and an offering price of 10.25 HKD, is the primary method of capital raising for LianLian Digital. The total expected amount raised is around 394 million HKD if all these shares are sold.

This is an important step reflecting the company's financial strategy to enhance resources for developing new projects while consolidating its position in the international capital market.

What is the purpose of the capital raised from this issuance?

LianLian Digital plans to use the raised capital to promote the application of advanced blockchain technologies in global payments while expanding its business network and operating licenses internationally. Additionally, the capital will also be used for the company's general purposes to enhance operational efficiency.

Investing in blockchain technology helps enhance competitiveness and innovation in the global financial ecosystem.

Mr. Zhang Wei, CEO of LianLian Digital, 2024

What are the benefits and impacts of adopting blockchain technology in global payments?

According to industry experts, blockchain provides transparency, high security, and reduces transaction costs, optimizing cross-border payment processes. Many market reports indicate that businesses integrating blockchain experience revenue growth and improved management efficiency.

Blockchain is not just technology, but also a platform that helps expand payment capabilities for businesses in a more transparent and faster manner.

Professor Nguyen Hoang, Financial Technology Expert, National Economics University, 2023

Comparison of capital raising scales and investment goals between LianLian Digital and some other technology companies in the same industry.

Company Capital Raised (million HKD) Purpose of Capital Use Issuance Time LianLian Digital 394 Develop blockchain technology, expand global payments and business 2024 Tech Securities Company A 250 AI research and financial applications 2023 Fintech Company B 500 Market expansion and product improvement 2024

Frequently Asked Questions

1. Why did LianLian Digital choose to issue H shares to raise capital? Issuing H shares allows the company to access a large source of capital from international investors under the listing conditions in Hong Kong. 2. How do H shares differ from domestic listed shares? H shares are shares of Chinese companies listed on the Hong Kong stock exchange, which typically attract foreign investors. 3. How does blockchain help global payments? Blockchain enhances security, transparency, and reduces time and costs in cross-border transactions. 4. Will the raised capital ensure long-term development? The capital raised from the share issuance will be used with a clear plan, focusing on technological innovation and market expansion. 5. What should investors pay attention to when participating in buying H shares? Investors should carefully assess the company's potential, the market, and relevant legal regulations at the Hong Kong stock exchange.

Source: https://tintucbitcoin.com/lianlian-digital-goi-von-394-trieu-hkd/

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