Empire Financial Group Limited (HK.8029) announced on the Hong Kong Stock Exchange that it entered into a placement agreement on September 17, 2025, to issue up to 46.68 million new shares at HK$0.388 per share. The transaction targets gross proceeds of about HK$18.1 million, with estimated net proceeds of roughly HK$17.6 million if fully placed, reflecting customary placement fees and costs.
The company intends to allocate the net proceeds across three principal uses: approximately HK$7 million for general working capital, about HK$6 million to advance its financial services—including enhancement of an SFC license related to cryptocurrency trading and asset management—and roughly HK$4.6 million for the development and investment in Web 3.0 initiatives.