On September 17, according to the announcement of the Hong Kong Stock Exchange, Imperial Financial Group Limited (HK.8029) signed a Placing Agreement with the Placing Agent on September 17, 2025, and plans to place up to 46.68 million new shares at a price of HK $0.388 per share, which is expected to raise approximately HK $18.10 million. If all the Placing Shares are placed in full, the net amount will be approximately HK $17.60 million. The company plans to use the net proceeds for the following purposes:
(I) about HK $7 million for general working capital;
(Ii) Approximately HK $6 million to further develop financial services, including upgrading the existing Securities Supervision Commission licences related to the trading and management of crypto assets;
(Iii) Approximately HK $4.60 million for the development and investment of Web 3.0 businesses and projects.
Imperial Financial Group plans to raise 18.10 million Hong Kong dollars, which will be used for crypto asset license and Web3 project development and investment
2025-09-17 14:58:52
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