PANews July 13 news, the Hong Kong stock listed company Lianlian Digital announced the issuance of 38.4 million new H-shares with a par value of RMB 1.00 per share in the company's registered capital. The placement price for each share is HKD 10.25. Assuming all placement shares are fully allocated, the total amount expected from the placement is approximately HKD 394 million. The company intends to use the net proceeds for the innovation and application of blockchain and other innovative technologies in the global payment field, global business and license expansion, and general corporate purposes.