IMPERIUM FIN GP(08029) plans to discount about 19.17% of the rights issue, with a maximum net proceeds of around HK$17.6 million.

date
17/09/2025
avatar
GMT Eight
The Empire Financial Group (08029) issued an announcement that on September 17, 2025, the company plans to privately place up to 4668...
IMPERIUM FIN GP (08029) announced that on September 17, 2025, the company plans to issue up to 46.68 million shares, representing approximately 16.67% of the enlarged issued share capital through the placement. The offer price for each share is HK$0.388, which is a discount of approximately 19.17% from the closing price of HK$0.480 on September 17. Assuming all placement shares are fully subscribed, the total proceeds from the placement are estimated to be approximately HK$18.1 million, with a net amount of approximately HK$17.6 million. The company plans to use the net proceeds from the placement as follows: (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 cryptocurrency trading and management; (iii) approximately HK$4.6 million for the development and investment of Web3.0 businesses and projects.