Arta TechFin Completes HK$59.80 Million Share Placement; Public Float Rises to 42.00%

Bulletin Express
Apr 29

Arta TechFin Corporation Limited has finalised a share placement that introduces 123.00 million new shares at HK$0.490 each, generating gross proceeds of HK$60.27 million and net proceeds of HK$59.80 million.

The new shares account for 9.67% of the company’s pre-placement share capital and 8.81% of the enlarged total of 1.40 billion shares. Following completion on 29 April 2026, public shareholders—including at least six independent placees—hold 42.00% of the company, up from 36.38%. Radiant Alliance Limited’s stake decreases from 43.31% to 39.49%, while Perfect Path Global Limited’s holding falls from 20.31% to 18.52%.

Allocation of net proceeds is as follows: • 50.20% (approximately HK$30.02 million) for repayment of shareholder loans and related costs. • 40.20% (approximately HK$24.05 million) for ongoing business development and enhancement, covering talent recruitment, service capability upgrades, technology partnerships and licence expansion. • 9.60% (approximately HK$5.73 million) for general working capital and corporate purposes.

The transaction was executed under the company’s existing general mandate with KGI Asia Limited acting as placing agent. All terms of the placing agreement have been fulfilled, and no placee has become a substantial shareholder under Hong Kong listing rules.

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