LianLian Digital Issues 38.4 Million H Shares at HK$10.25 Each for Blockchain Innovation and Global Expansion

LianLian Digital, a prominent player in the digital payment sector, has announced the issuance of 38.4 million new H shares. The placement price for each share is set at HK$10.25, with the total amount of funds expected to be raised from this issuance approximately HK$394 million. The company intends to utilize the net proceeds from this issuance to drive innovation and the application of advanced technologies, particularly blockchain, in the global payment field. Additionally, the funds will support global business expansion, license acquisition, and general corporate purposes.

The strategic move by LianLian Digital to raise capital through the issuance of new H shares underscores the company's commitment to leveraging cutting-edge technologies to enhance its payment solutions. By focusing on blockchain technology, LianLian Digital aims to stay at the forefront of the digital payment industry, which is increasingly driven by technological advancements. The funds raised will not only support the company's technological initiatives but also facilitate its global expansion efforts, allowing it to tap into new markets and strengthen its presence in existing ones.

The decision to issue new H shares at a placement price of HK$10.25 per share reflects the company's confidence in its future growth prospects. The estimated amount of HK$394 million to be raised from this placement will provide LianLian Digital with the financial resources needed to pursue its strategic objectives. The company's focus on innovation and global expansion is likely to position it as a key player in the rapidly evolving digital payment landscape. By investing in advanced technologies and expanding its global footprint, LianLian Digital is well-positioned to capitalize on the growing demand for digital payment solutions.

This issuance supports blockchain innovation and business expansion globally, highlighting LianLian Digital's continuous growth ambitions. The transaction adheres to HKEX regulations, indicating securities compliance. The company's efforts in advancing blockchain technology could result in further integration between traditional and digital finance sectors. Consistent capital allocations towards innovation indicate potential for long-term transformational effects in global payment systems.