Platt Nera Updates on Proceeds Utilization Plan

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

Platt Nera International Limited has provided additional details on the use of proceeds from their recent Rights Issue, indicating that HK$4.6 million of unspent funds is earmarked for new projects under review in late August 2024. They also confirmed the full utilization of HK$1.8 million designated for repaying overdrafts and short-term loans. This supplemental information builds upon disclosures made in the company’s 2023 Annual Report.

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