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Platt Nera International Proposes Share Consolidation and Board Lot Size Change

Story Highlights
  • Platt Nera plans to consolidate every five shares into one, maintaining its authorized capital.
  • The board lot size will change to 4,000 consolidated shares, affecting trading dynamics.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Platt Nera International Proposes Share Consolidation and Board Lot Size Change

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The latest update is out from Platt Nera International Limited ( (HK:1949) ).

Platt Nera International Limited has announced a proposed share consolidation where every five existing shares will be consolidated into one consolidated share, maintaining the authorized share capital at HK$100,000,000. This move aims to streamline the company’s share structure without altering the total authorized capital. Additionally, the board lot size for trading on the Stock Exchange will change from 2,000 existing shares to 4,000 consolidated shares, potentially impacting trading dynamics and shareholder engagement.

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

Average Trading Volume: 5,672,330

Technical Sentiment Signal: Hold

Current Market Cap: HK$185.3M

See more data about 1949 stock on TipRanks’ Stock Analysis page.

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