LianLian Digital plans to raise nearly HK$400 million to increase its investment in blockchain and global payment

LianLian Digital Completes HK$390 Million H-Share Placement, Focusing on Blockchain Innovation and Global Compliance Expansion

On July 12, LianLian Digital (stock code: 2598.HK), a Hong Kong-listed company, announced that the company will place 38,400,000 new H shares through general authorization, with a placement price of HK$10.25 per share, and the total amount of funds raised is expected to be approximately HK$394 million, and the net amount after deducting expenses is approximately HK$390 million.

The placement was completed by CICC and Deutsche Bank as the exclusive global coordinators, lead bookrunners and joint bookrunners in a private placement. The placement price is approximately 10.1% lower than the closing price of the previous trading day (HK$11.40) and approximately 1.7% lower than the average closing price of the previous five trading days.

The announcement pointed out that the shares placed this time accounted for approximately 3.6% of the existing issued share capital, and after the completion of the placement, it accounted for approximately 3.4% of the enlarged share capital. The proceeds from the placement will be mainly used for:

Application of innovative technologies such as blockchain in the global payment field;

Expansion of global business and compliance licenses;

General corporate purposes

LianLian Digital said that this move will help further accelerate its globalization strategy, expand Web3 payment infrastructure, and continuously enhance the company's influence and compliance competitiveness in the international market. The issuance will be completed on July 15, 2025.