ChainCatcher news, according to Zhitong Finance, Lianlian Digital issued an announcement that on July 12, 2025, it entered into a placement agreement with a placement agent, planning to place 38.4 million new H shares at HK$10.25 per share to at least six independent professionals, institutions, and/or other investors.
The announcement shows that assuming all placement shares are placed, the total proceeds from the placement are expected to be approximately HK$394 million, which is intended to be used for innovation and application of blockchain and other innovative technologies in global payment fields, global business and license expansion, and general corporate purposes.
