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.
