tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Arta TechFin Announces Share Placement to Raise HK$132.1 Million

Story Highlights
Arta TechFin Announces Share Placement to Raise HK$132.1 Million

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Arta TechFin Corporation Limited ( (HK:0279) ) just unveiled an announcement.

Arta TechFin Corporation Limited has announced a share placement agreement with Waton Securities International Limited, aiming to place up to 191,431,798 new shares at a price of HK$0.690 per share. This placement, representing approximately 17.71% of the company’s current issued share capital, is expected to raise gross proceeds of around HK$132.1 million. The move is part of the company’s strategy to enhance its capital base, although the completion of the placement is contingent upon certain conditions being met.

More about Arta TechFin Corporation Limited

Arta TechFin Corporation Limited is a company incorporated in the Cayman Islands, operating in the financial sector. The company focuses on financial services and securities, engaging in activities such as share placements.

Average Trading Volume: 557,181

Technical Sentiment Signal: Buy

Current Market Cap: HK$897.3M

See more data about 0279 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1