Imperial Financial Group plans to raise HK$18.1 million, which will be used for crypto asset licensing and Web3 project development and investment.
BlockBeats News, September 17, according to an announcement from the Hong Kong Stock Exchange, Emperor Financial Group Limited (HK.8029) signed a placement agreement with the placing agent on September 17, 2025, planning to place up to 46.68 million new shares at a price of HK$0.388 per share, with an expected fundraising of approximately HK$18.1 million. If all placement shares are fully placed, the net proceeds will be about HK$17.6 million. The company plans to use the net proceeds for the following purposes:
(i) Approximately HK$7 million for general working capital;
(ii) Approximately HK$6 million for further development of financial services, including enhancing existing SFC licenses related to crypto asset trading and management;
(iii) Approximately HK$4.6 million for the development and investment in Web 3.0 businesses and projects.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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