Summary by Moomoo AI
ARTA TECHFIN ISSUED A SUPPLEMENTAL ANNOUNCEMENT ON 4 JANUARY 2024 DETAILING THE ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2023. The announcement noted that the Company's net proceeds from the divestitures on November 11, 2022 were approximately HK$4,000 million in total as intended, without significant changes or delays. In addition, approximately HK$22.360 million has been raised in the 2023 divestiture, which has not yet been mobilised at the end of the reporting period and is expected to be used for IT upgrades, expansion of operational infrastructure, expansion of asset management fund product offerings, marketing and potential strategic investments. As of the date of the announcement, there is no material change or delay in the use of the net proceeds and is expected to be active...Show More