CoinVoice has recently learned that, according to Zhito Finance, Lianlian Digital announced that on July 12, 2025, it entered into a placement agreement with the placement agent, planning to place 38.4 million new H shares at a price of HKD 10.25 per share to no fewer than six independent professionals, institutions, and/or other investors.

The announcement indicates that assuming all the placement shares are sold, the total amount of proceeds from the placement is expected to be approximately HKD 394 million. The net proceeds are intended to be used for innovation and application of blockchain and other innovative technologies in the global payment sector, global business and license expansion, and general corporate purposes. [Original link]