Platt Nera Grants Six-Month Extension for Balance Payment on Subsidiary Disposal

Platt Nera International Limited ( (HK:1949) ) has issued an update.

Platt Nera International Limited has approved a six‑month extension, from 31 December 2025 to 30 June 2026, for the purchaser of one of its subsidiaries to pay the remaining balance of the agreed consideration. The board cited the purchaser’s partial payment of HK$4 million, existing security arrangements including a personal guarantee and a share charge over the target’s entire issued capital, the strong asset position of the purchaser’s guarantor, and the desire to preserve commercial goodwill as key reasons for granting more time. The company emphasized that all other contractual rights and protections remain fully enforceable and that, in its assessment, the extension mitigates risk while maximizing the likelihood of ultimately collecting the full balance, thereby supporting completion of the disposal without resorting to costly or uncertain enforcement actions.

The most recent analyst rating on (HK:1949) stock is a Hold with a HK$0.62 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 Hong Kong-listed company incorporated in the Cayman Islands, with its shares traded on the Main Board of the Stock Exchange of Hong Kong under stock code 1949. The group operates through subsidiaries and has been restructuring its portfolio, including the disposal of certain subsidiary interests as part of its corporate and capital allocation strategy.

Average Trading Volume: 310,514

Technical Sentiment Signal: Sell

Current Market Cap: HK$124.8M

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