Wise Finance and Economics APP news, imperium fin gp (08029) announced that after October 10, 2024 (after the trading hours of the Stock Exchange of Hong Kong), the company entered into a placement agreement with the placing agent. According to this, the placing agent (as the company's agent) has conditionally agreed to use its best efforts to induce no fewer than six placing persons (and their ultimate beneficial owners must be independent third parties) to subscribe for up to 0.467 billion shares of placement shares at a placement price of HK$0.060 per share. The placement price represents a discount of approximately 6.25% from the closing market price of HK$0.064 per share of the shares on October 10, 2024 (i.e., the date of the placement agreement) on the Stock Exchange of Hong Kong.

The net proceeds (estimated to be approximately HK$27.5 million after deducting all related expenses associated with the placement).