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ARTA TechFin (00279.HK) Places Shares at 18.33% Discount to Raise HKD60.3M
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ARTA TechFin (00279.HK) announced a placing of up to 123 million new shares, representing 8.81% of the enlarged share capital. The placing price is HKD0.49, representing a discount of 18.33% to today's (20th) closing price. Gross proceeds are expected to be HKD60.3 million, with net proceeds of HKD59.8 million. The company intends to use the funds for repayment of shareholder loans, strategic investments, enhancement of existing businesses, and general working capital. (de/d) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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