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Lianlian Digital plans to raise approximately HKD 394 million for the application of Blockchain and other technologies in the global payment sector.
Odaily News Hong Kong listed company Lianlian Digital announced the issuance of 38.4 million new H-shares with a par value of RMB 1.00 each in the company's registered capital. The placement price for each share is HKD 10.25. Assuming all placement shares are fully placed, the total amount raised is expected to be approximately HKD 394 million. The company intends to use the net proceeds for innovation and application of blockchain and other innovative technologies in the global payment sector, global business and license expansion, and general corporate purposes.