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.
The latest update is out from Platt Nera International Limited ( (HK:1949) ).
Platt Nera International Limited has completed a subscription agreement, issuing 160 million new shares, which represent 20% of its current issued share capital. The proceeds from this subscription will be used to expand into the trading of Point-of-Sales devices, a strategic move that aligns with the company’s existing operations in financial payment hardware. Additionally, the funds will support general working capital needs, including administrative expenses and bank loan repayments. This expansion is part of the company’s strategy to broaden its product range and capture new market shares, particularly by sourcing POS machines from China and ASEAN countries for overseas markets.
The most recent analyst rating on (HK:1949) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Platt Nera International Limited stock, see the HK:1949 Stock Forecast page.
More about Platt Nera International Limited
Platt Nera International Limited operates in the financial payment hardware industry, focusing on products such as ATM/CDM machines and IT-integrated solutions. The company is expanding its business to include the trading of Point-of-Sales (POS) devices and terminals, leveraging its existing expertise and infrastructure.
Average Trading Volume: 8,475,286
Technical Sentiment Signal: Buy
Current Market Cap: HK$197.6M
For an in-depth examination of 1949 stock, go to TipRanks’ Overview page.