Imperial Finance Group Plans to Raise HKD 18.1 Million for Crypto Asset License and Web3 Project Development and Investment

BlockBeats News, September 17th, according to an announcement from the Hong Kong Stock Exchange, Empire Financial Group Limited (HK.8029) entered into a placement agreement with a placement agent on September 17, 2025. The company plans to place up to 46.68 million new shares at a price of HK$0.388 per share, aiming to raise approximately HK$18.1 million. If all placement shares are fully placed, the net amount is estimated to be around HK$17.6 million. The company plans to use the net proceeds for the following purposes:

(i) Around HK$7 million for general working capital;

(ii) Around HK$6 million for further development of financial services, including enhancing its existing SFC license related to cryptocurrency trading and management;

(iii) Around HK$4.6 million for the development and investment of Web 3.0 businesses and projects.