LianLian Digital (02598.HK) closed up 23.51% as blockchain financing boosted share price

LianLian Digital (02598.HK), a Hong Kong-listed company, performed strongly today, closing up 23.51% at HK$13.96. It once hit a new high of HK$14.2 during the session, and its trading volume increased significantly, becoming the focus of the market.

This round of stock price rise was mainly boosted by the company's recently announced new round of financing plan. According to the announcement, LianLian Digital plans to raise approximately HK$394 million by placing 38.4 million new H shares. The funds raised will be mainly used for:

Promoting the application and implementation of innovative technologies such as blockchain in the global payment field

Accelerating global market expansion and license acquisition

Supporting the company's investment in digital finance and compliance infrastructure

The placement was jointly coordinated by CICC and Deutsche Bank as global coordinators. The market interpreted it as an important signal that LianLian Digital is accelerating its global layout and technological innovation, which has enhanced investors' confidence in its growth prospects.

Industry insiders said that as Web3 and digital payment infrastructure gradually enter the practical stage, LianLian Digital is expected to become an important bridge connecting traditional finance and emerging crypto finance with its international compliance capabilities and blockchain technology layout.