LONGSHINE DIGITAL TECHNOLOGY (SINGAPORE) PTE. LTD. announced that it will raise $19,950,000 in equity round of funding from returning investor Longshine Technology Group Co., Ltd. on May 19, 2023. The transaction has been approved at the 8th meeting of the company's 4th Directorate, and approval by Shareholders is still required.

Post the transaction, the company's registered capital will increase from $50,000 to $20,000,000.