Arta TechFin Corporation Limited (HK:0279) has released an update.
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Arta TechFin Corporation Limited is set to issue over 2.4 billion new shares following the conversion of a HK$40 million loan from its controlling shareholder, Radiant Alliance. This move will increase the company’s issued share capital by approximately 11.5%, while a separate share transfer agreement is in place to ensure compliance with public float requirements. Despite the changes, the company’s financial stability and operations are expected to remain unaffected.
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