Imperial Finance Group plans to raise HK$18.1 million for crypto asset licenses and Web3 project development and investment

Odaily Planet Daily News According to the Hong Kong Stock Exchange announcement, Imperial Financial Group Co., Ltd. signed a placement agreement with the placement agent, planning to allocate up to 46.68 million new shares at a price of HK$0.388 per share, and is expected to raise approximately HK$18.1 million. If all allotment shares are allotted, the net amount will be approximately HK$17.6 million. The company plans to use the net proceeds for the following purposes: (i) approximately HK$7 million for general operating capital; (ii) approximately HK$6 million for further development of financial services, including the promotion of existing SFC licenses related to crypto asset trading and management; (iii) approximately HK$4.6 million for the development and investment of Web 3.0 business and projects.