According to Deep Tide TechFlow news, on July 13, Hong Kong stock Lianlian Digital (02598.HK) announced that on July 12, 2025, it signed a placement agreement with the placement agent, planning to place 38.4 million new H shares at HKD 10.25 per share to no less than six independent professionals, institutions, and/or other investors.
The announcement states that, assuming all placement shares are fully placed, the total amount raised from the placement is expected to be approximately HKD 394 million. The net proceeds are intended to be used for innovation and application of innovative technologies such as blockchain in the global payment field, expansion of global business and licenses, and general corporate purposes. Lianlian Digital indicates that this placement will help the company accelerate business innovation and enhance and expand the application capabilities of new technologies such as blockchain and AI, strengthening the layout of its globalization strategy.