Platt Nera International Limited (Stock code: 1949) has released plans to consolidate every five existing shares of HK$0.01 par value into one consolidated share of HK$0.05 par value. Under this arrangement, the total issued shares are set to decrease from 960,000,000 to 192,000,000, while the authorized share capital remains at HK$100,000,000, divided into 2,000,000,000 consolidated shares. According to the announcement, fractional consolidated shares arising from the process will be aggregated and sold for the benefit of the company.

Subject to the consolidation becoming effective, the board lot for trading on the Stock Exchange is proposed to change from 2,000 existing shares to 4,000 consolidated shares. Based on a recent closing price of HK$0.182 per existing share, the theoretical share price would be HK$0.91 per consolidated share, translating to an estimated value of HK$3,640 for each new board lot of 4,000 consolidated shares.

The company cites compliance with the Listing Rules and maintaining a higher transaction value per board lot as key reasons for the proposed adjustments. An Extraordinary General Meeting (EGM) is scheduled for December 3, 2025, to vote on these proposals. Should shareholders approve, and all relevant conditions be fulfilled, the share consolidation is expected to take effect on December 5, 2025, with final free share certificate exchanges concluding on January 15, 2026. Shareholders are advised that the consolidation may or may not proceed, depending on satisfaction of the stated conditions, and to exercise caution when dealing in the company’s shares.