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SCMP Reporter

Emperor (China Concept) Investments has sold 30.85 million shares, or about 10.22 per cent of the company, at $1 a share to Giant Lion Enterprises, Ringtop Resources and Turbo Shine, generating about $30.5 million.

  The placement price represents a discount of about 16.67 per cent to the stock's closing price yesterday.

  Emperor said it intended to use the additional funds for general working capital.



Emperor China sells stake