Lianlian Digits Plans to Raise Approximately HKD 394 Million through Preferential Placement, for Blockchain, AI, and Other Technology Applications
By: theblockbeats.news|2025/07/13 21:01:56
0
Share
BlockBeats News, July 13th. LianLian Digital (02598.HK) announced that on July 12, 2025, it entered into a placement agreement with a placement agent to privately place 38.4 million new H shares at HK$10.25 per share to no fewer than six independent professional individuals, institutions, and/or other investors.
The announcement stated that assuming full subscription of the placement shares, the total gross proceeds from the placement are expected to be approximately HK$394 million. The Company intends to use the net proceeds for innovation and application of blockchain and other innovative technologies in the global payment field, global business and license expansion, and general corporate purposes. LianLian Digital stated that this placement will help accelerate business innovation, enhance capabilities and applications in new technologies such as blockchain and AI, and expand application scenarios, strengthening its global strategic business layout.
Established in 2009, LianLian Digital is one of the first digital technology companies in China to provide comprehensive payment solutions globally. It successfully went public on the Main Board of the Hong Kong Stock Exchange on March 28, 2024, mainly offering digital payment services and value-added services.
You may also like
Yang Ge Gary: Agent Economics and AI Microeconomics
After the singularity explosion, the evolution clock of AI accelerated continuously, leading to the rapid formation of new civilizational generations in different regions around the world.
Founder of Baixing.com: My Experience with Claude Code in Fourteen Points
Treat Claude Code as a horse (or as a person), not as a car. A car turns under its own command, while a horse has its own ideas; we just need to set the goals and boundaries.
How Could the SpaceX IPO Affect Bitcoin, Altcoins season, and Crypto Liquidity?
Will the SpaceX IPO affect Bitcoin prices? Discover how SpaceX's reported BTC holdings, crypto liquidity shifts, ETF outflows, and the biggest IPO in history could impact Bitcoin and the broader crypto market.
RootData: May 2026 Cryptocurrency Exchange Transparency Research Report
In May, the spot trading volume of cryptocurrency exchanges was $725.7 billion, a slight decrease of 2.2% compared to April, marking the fifth consecutive month of decline since January, reflecting the overall trend of the market's continued movement.
Should we escape the peak? The principle of the tail-end market in the stock market
The truth behind the Rockefeller escape myth: the end of the bull market is not due to overheating emotions, but rather the exhaustion of new funds. Currently, market buying volume has been concentrated and released, so it is advised to be cautious of "tail-end market trends" and gradually take prof...
Morning News | Five major virtual asset platforms in South Korea have experienced 57 incidents of hacking and system failures in six years; Grayscale submits registration application for Canton ETF
Overview of Important Market Events on June 7th
The ambitions of Kalshi, MTS, and a16z
The prediction market may be the only field in 2025 that can collectively excite prestigious dollar fund investors, digital currency enthusiasts, and media professionals.
The AI bubble is bursting
In the clamor of the bubble, the potential of the underlying productivity is not inflated at all.
Real withdrawal is to release water: When crypto VCs position themselves in the Agent network effect
In the high-value scenario of finance, blockchain serves as an open financial testing ground, and stablecoins are the certificates for agents optimizing market processes. This is not about scale and resource investment; it is about the establishment and expansion of mechanisms.
Has the narrative of BTC as "digital gold" failed?
What truly matters is not whether it will rise, but whether you can live to see that day.
A Perspective on the Indian Cryptocurrency Market: Descending into Silence or Moving Towards Maturity?
The Indian cryptocurrency industry has not gone silent; it is steadily maturing towards diversification.
It took me a year to see the painful truth about Agent payments
Among the four major tracks of Agent purchasing, Agent API, Agent inter-payment, and Agent finance, currently only Agent finance has real users and willingness to pay. But worse than having no demand is that the real competition point has never been payment...
Morning News | Bitmine issues preferred shares to raise $300 million; Polymarket accuses Kalshi of industrial espionage
Overview of Important Market Events on June 4th
Privacy coin trust crisis! ZEC plummets over 56% in a single day
The recent increase in ZEC is nearly 3 times, and the vulnerability news may have just provided an opportunity to exit.
Who is leading the price discovery in the cryptocurrency market? Measured delays on platforms like Binance and Hyperliquid
There is a saying circulating on crypto Twitter: Hyperliquid has replaced Binance and become the center of crypto price discovery. Arrakis conducted a cross-platform test using the tick-by-tick transaction data from 29 perpetual markets, and the truth lies within milliseconds.
Anthropic launches IPO: Business miracle or valuation bubble?
Human economy is transitioning from a carbon-based drive to a dual-engine drive of carbon-based and silicon-based, which is what is truly happening behind Anthropic's IPO.
What Is SpaceX IPO and Why Is Everyone Talking About It?
What is SpaceX IPO? Learn why investors are watching SpaceX's potential $1.77 trillion public debut, from Starlink and AI to Mars ambitions, valuation risks, and pre-IPO trading opportunities.
Macroeconomic Analysis of the African Payment Market Landscape
Why mobile payments and cryptocurrencies thrive in the absence of banks
Yang Ge Gary: Agent Economics and AI Microeconomics
After the singularity explosion, the evolution clock of AI accelerated continuously, leading to the rapid formation of new civilizational generations in different regions around the world.
Founder of Baixing.com: My Experience with Claude Code in Fourteen Points
Treat Claude Code as a horse (or as a person), not as a car. A car turns under its own command, while a horse has its own ideas; we just need to set the goals and boundaries.
How Could the SpaceX IPO Affect Bitcoin, Altcoins season, and Crypto Liquidity?
Will the SpaceX IPO affect Bitcoin prices? Discover how SpaceX's reported BTC holdings, crypto liquidity shifts, ETF outflows, and the biggest IPO in history could impact Bitcoin and the broader crypto market.
RootData: May 2026 Cryptocurrency Exchange Transparency Research Report
In May, the spot trading volume of cryptocurrency exchanges was $725.7 billion, a slight decrease of 2.2% compared to April, marking the fifth consecutive month of decline since January, reflecting the overall trend of the market's continued movement.
Should we escape the peak? The principle of the tail-end market in the stock market
The truth behind the Rockefeller escape myth: the end of the bull market is not due to overheating emotions, but rather the exhaustion of new funds. Currently, market buying volume has been concentrated and released, so it is advised to be cautious of "tail-end market trends" and gradually take prof...
Morning News | Five major virtual asset platforms in South Korea have experienced 57 incidents of hacking and system failures in six years; Grayscale submits registration application for Canton ETF
Overview of Important Market Events on June 7th
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
