TechFlow, July 13 — LianLian Digital (02598.HK) announced on July 12, 2025, that it entered into a placement agreement with placing agents to place 38.4 million new H-shares at HK$10.25 per share to no fewer than six independent professional, institutional, and/or other investors.
The announcement indicated that if all placed shares are fully subscribed, the total proceeds from the placement are expected to be approximately HK$394 million. The net proceeds are intended for innovation and application of innovative technologies such as blockchain in global payment fields, expansion of global operations and licenses, and general corporate purposes. LianLian Digital stated that this placement will help accelerate business innovation, enhance capabilities in new technologies and applications including blockchain and AI, expand application scenarios, and strengthen its global strategic business layout.
