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An update from Platt Nera International Limited ( (HK:1949) ) is now available.
Platt Nera International Limited announced the successful completion of a share placement, issuing 120 million new shares under a general mandate. The placement raised approximately HK$9.25 million in net proceeds, which the company plans to use for general working capital, including administrative expenses and loan repayments. This move slightly diluted existing shareholders but did not result in any new substantial shareholders, maintaining the company’s public shareholder base.
More about Platt Nera International Limited
Platt Nera International Limited is a company incorporated in the Cayman Islands, operating with limited liability. It is listed on the Hong Kong Stock Exchange and engages in various business activities, although specific industries or services are not detailed in the announcement.
YTD Price Performance: 4.29%
Average Trading Volume: 2,273,000
Technical Sentiment Signal: Buy
Current Market Cap: HK$52.36M
Learn more about 1949 stock on TipRanks’ Stock Analysis page.