Arta TechFin Corporation Limited signed a placing agreement with KGI Asia Limited on 20 April 2026 to issue up to 123.00 million new shares at HK$0.490 each under its existing general mandate.
The new shares equate to 9.67% of the current share capital and 8.81% of the enlarged base. The placement price represents an 18.3% discount to the last close of HK$0.600 and a 15.2% discount to the five-day average of HK$0.578.
Gross proceeds are expected to reach HK$60.30 million; net proceeds, after estimated expenses of HK$0.50 million and a 0.8% placing commission, are forecast at HK$59.80 million (net price: HK$0.486 per share).
Planned allocation of the net proceeds: • HK$30.00 million (50.2%) – repayment of shareholder loan and associated costs • HK$16.00 million (26.8%) – strategic investment and business development, including regulatory capital and licence expansion • HK$8.00 million (13.4%) – enhancement of existing businesses, IT infrastructure and partnerships • HK$5.80 million (9.6%) – general working capital
Post-placement, the shareholding structure will shift as follows: Radiant Alliance Limited falls from 43.31% to 39.49%, Perfect Path Global Limited from 20.31% to 18.52%, other public shareholders from 36.38% to 33.18%, while the new placees will hold 8.81%.
The shares will rank pari passu with existing stock and be listed upon approval by the Stock Exchange of Hong Kong. Completion is subject to customary conditions precedent, including listing approval, and must occur by 11 May 2026 unless extended.
The general mandate authorises issuance of up to 254.51 million shares; none had been utilised prior to this transaction.
Arta TechFin previously raised HK$130.70 million net in September 2025, of which HK$22.90 million remains unspent.
Shareholders and potential investors are advised to exercise caution as the placement may or may not proceed.