Platt Nera Addresses Non-Compliance in Securities Transactions
Platt Nera International Limited (HK:1949) has announced a supplemental update regarding non-compliance with disclosure requirements for securities transactions. Errors in internal criteria led to oversight in several transactions. The company is taking remedial actions, including hiring an external legal advisor for compliance training. The current analyst rating for HK:1949 is a Hold with a price target of HK$0.50. The company's market cap is HK$165.1M with an average trading volume of 5,532,782 shares.
Platt Nera International Limited ( (HK:1949) ) just unveiled an update.
Platt Nera International Limited has issued a supplemental announcement regarding non-compliance with discloseable transaction requirements related to purchases and disposals of securities. The company identified errors in its internal size test criteria and reference guide, which led to the oversight of disclosure requirements for several transactions. The company has since taken remedial measures, including engaging an external legal advisor to provide training to its board and management on compliance with listing rules.
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: 5,532,782
Technical Sentiment Signal: Hold
Current Market Cap: HK$165.1M
