Dragon Emperor Group (08493.HK) plans to issue up to 48.384 million shares at a premium of approximately 108.33%, raising approximately HK$45.5 million.

Zhito financial news APP reported that Long Emperor Group (08493.HK) issued an announcement on June 2, 2025 (after trading hours), stating that a placement agent had entered into a placement agreement with the company. According to this agreement, the company conditionally agreed to issue up to 48.384 million shares of placement shares to the placing agent at the best efforts basis. The placing agent and its ultimate beneficial owners are independent third parties unrelated to the company and its related parties. The placement price of HK$0.10 represents a premium of approximately 108.33% over the closing price of HK$0.048 per share reported on the Stock Exchange on the date of the placement agreement.