Arta TechFin Raises HK$130.7 Million from Share Placement
MT Newswires Live
Sep 18
Arta TechFin (HKG:0279) completed the placement of a little over 191.4 million shares to at least six investors at HK$0.690 apiece to raise net proceeds of HK$130.7 million, a Thursday Hong Kong bourse filing said.
The shares represent roughly 15.04% of the firm's enlarged issued share capital.
The financial firm will use proceeds from the placement for the repayment of a shareholder's loan; business development and expansion; strategic acquisitions, investments, and collaboration opportunities; and general working capital.
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