LianLian Digital has announced the issuance of 38.4 million new H shares priced at HK$10.25 each. This action is aimed at supporting blockchain innovations and business expansion.
Details of the New Share Issuance
LianLian Digital has confirmed the issuance of 38.4 million new H shares, with proceeds from this issuance amounting to approximately HK$394 million. The transaction complies with HKEX regulations, indicating securities compliance.
Purpose of Share Issuance and Fund Allocation
Funds raised from the share issuance will be directed towards blockchain technology innovation, business expansion, and general corporate expenses. No official comments from leadership have been made regarding this announcement.
Context of Blockchain Innovations
LianLian Digital’s advancements in blockchain technology may lead to further integration between traditional and digital finance sectors. Consistent capital allocations toward innovation indicate potential long-term transformational effects in global payment systems.
The issuance of new shares by LianLian Digital highlights its ambitious plans for expansion and development in the blockchain technology sector.
