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

On September 17th, as per an announcement from the Hong Kong Stock Exchange, Empire Financial Group Limited (HK.8029) reached a placement agreement with a placement agent on September 17, 2025. The company intends to place up to 46.68 million new shares at a price of HK$0.388 per share, with the aim of raising approximately HK$18.1 million. In the event that all placement shares are fully placed, the net amount is estimated to be approximately HK$17.6 million. The company plans to utilize the net proceeds for the following purposes: (i) Approximately HK$7 million for general working capital; (ii) Approximately HK$6 million for the further development of financial services, encompassing the enhancement of its existing SFC license pertaining to cryptocurrency trading and management; (iii) Approximately HK$4.6 million for the development and investment in Web 3.0 businesses and projects.