ARTA TECHFIN Reports Major Share Transfer Valued at HK$32.63 Million, Representing 5.85% Stake

Stock News
Jun 30

Significant shareholding changes for ARTA TECHFIN (00279) were recorded by the Hong Kong Stock Exchange on June 29th. The total value of the transferred shares was HK$32.63 million, representing 5.85% of the company's issued share capital. A shareholder transferred 78.9227 million shares from BNP Paribas to Hongkong and Shanghai Banking Corporation Limited.

In a separate announcement, ARTA TECHFIN confirmed that all conditions under a placement agreement were fulfilled on April 29, 2026, and the placement has been completed. A total of 123 million placement shares were successfully allotted to no fewer than six independent placees at a placement price of HK$0.490 per share.

The gross proceeds from the placement amounted to approximately HK$60.30 million. After deducting related expenses, the net proceeds were approximately HK$59.80 million. The company intends to allocate the net proceeds as follows: roughly 50.2% will be used to repay shareholder loans and associated costs; about 40.2% is earmarked for the ongoing business development and enhancement of the group's existing operations; and the remaining 9.6% will serve as general working capital and for general corporate purposes.

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