LianLian Digital to Raise HKD 394 Million for Global Expansion

LianLian Digital, a prominent digital technology company, has announced its plans to raise approximately HKD 394 million through a preferential placement. On July 12, 2025, the company entered into a placement agreement with a placement agent to privately place 38.4 million new H shares at HKD 10.25 per share. The placement is aimed at attracting no fewer than six independent professional individuals, institutions, and/or other investors.

The proceeds from this placement are expected to be used for several strategic initiatives. The company intends to allocate the funds towards the innovation and application of blockchain and other innovative technologies in the global payment field. Additionally, the funds will support global business and license expansion, as well as general corporate purposes. LianLian Digital believes that this placement will accelerate business innovation, enhance capabilities and applications in new technologies such as blockchain and AI, and expand application scenarios, thereby strengthening its global strategic business layout.

LianLian Digital, established in 2009, is one of the first digital technology companies in China to provide comprehensive payment solutions globally. The company successfully went public on the Main Board of the Hong Kong Stock Exchange on March 28, 2024, primarily offering digital payment services and value-added services. This fundraising effort is a significant step for LianLian Digital as it seeks to leverage advanced technologies to further its global presence and capabilities.