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Platt Nera Extends Deadline for HK$8.8 Million Balance on Subsidiary Disposal

Story Highlights
  • Platt Nera extended the HK$8.8 million balance payment deadline for Globe Wealth disposal to 30 June 2026.
  • The disposal’s core terms remain unchanged, indicating only timing of cash inflow is affected for Platt Nera.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Platt Nera Extends Deadline for HK$8.8 Million Balance on Subsidiary Disposal

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Platt Nera International Limited ( (HK:1949) ) just unveiled an update.

Platt Nera International Limited has agreed with the purchaser of its subsidiary, Globe Wealth (HK) Limited, to extend the deadline for the final balance payment of HK$8.8 million from 31 December 2025 to 30 June 2026 via a supplemental agreement signed on 30 December 2025. All other terms and conditions of the original sale and purchase agreement remain unchanged, indicating the disposal is proceeding as planned while providing the buyer additional time to secure funds, which may slightly delay cash inflows to the company but does not alter the overall transaction structure.

The most recent analyst rating on (HK:1949) stock is a Hold with a HK$0.18 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 is a Cayman Islands–incorporated company listed on the Hong Kong Stock Exchange, with a board comprising executive and independent non-executive directors, and operates through subsidiaries including Globe Wealth (HK) Limited.

Average Trading Volume: 319,013

Technical Sentiment Signal: Sell

Current Market Cap: HK$144M

Learn more about 1949 stock on TipRanks’ Stock Analysis page.

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