LianLian Digital plans to raise approximately HKD 394 million for the application of blockchain and other technologies in the global payment field

Odaily Planet Daily News: Hong Kong listed company Lianlian Digital announced the issuance of 38.4 million new H shares with a face value of RMB 1.00 per share in the company's registered capital. The placement price per share is HKD 10.25. Assuming that all the placement shares are placed, the total expected proceeds from the placement are approximately HKD 394 million. The company plans to use the net proceeds for innovation and application of innovative technologies such as blockchain in the global payment field, global business and license expansion, and general corporate purposes.