Welcome to our dedicated page for Plastec Technologies news (Ticker: PLTYF), a resource for investors and traders seeking the latest updates and insights on Plastec Technologies stock.
Plastec Technologies reports operating and financial results for an OTCBB-quoted company that has maintained a lean corporate structure and minimal operations. Recurring updates center on balance-sheet items, working capital, cash and cash equivalents, operating expenses, and net losses reported in Hong Kong dollars with U.S. dollar reference amounts.
Company news also covers capital-structure actions involving ordinary shares, including special cash dividends and securities repurchase plan updates, as well as corporate-structure measures such as the completed sale of Sun Line Industrial Limited and ongoing efforts to simplify the group’s subsidiary base.
Plastec Technologies (OTCBB: PLTYF) reported audited fiscal 2025 balance sheet highlights: $5.4 million cash and cash equivalents, $5.3 million working capital, and $0.41 book value per share (vs $5.7M, $5.6M, $0.43 at Dec 31, 2024).
The company commenced voluntary liquidations of its BVI subsidiaries on March 24, 2026, expected to complete in ~7 weeks; upon completion Plastec would have no subsidiaries or operating activities.
Plastec Technologies (OTCBB: PLTYF) reported its unaudited financial results for H1 2025, showing a net loss of HK$1,182,000 compared to a net income of HK$64,000 in H1 2024. The company maintained cash and cash equivalents of $5.5 million as of June 30, 2025, slightly down from $5.7 million at year-end 2024.
The company reported no revenues while operating expenses increased to HK$2,074,000, up from HK$1,937,000 in the prior year period. Interest income declined significantly to HK$892,000 from HK$2,525,000. The company is currently in the process of liquidating its BVI-incorporated subsidiaries: Viewmount Development Limited, Sun Ngai Spraying and Silk Print Co. Ltd., and Sun Terrace Industries Ltd.
Plastec Technologies (PLTYF) has reported its fiscal 2024 financial results, showing significant changes in its financial position. The company's cash and cash equivalents decreased to $5.7 million from $12.3 million in 2023, primarily due to a special one-time dividend of $0.35 per share distributed in December 2024. Working capital declined to $5.6 million from $11.1 million, while book value per share decreased to $0.43 from $0.86.
The company reported a net loss of HK$7,910,000 for 2024, compared to a loss of HK$66,000 in 2023. Operating expenses increased to HK$4,813,000 from HK$3,084,000 in the previous year. The company is currently liquidating three BVI-incorporated subsidiaries: Viewmount Development , Sun Ngai Spraying and Silk Print Co. , and Sun Terrace Industries This follows the disposal of Sun Line Industrial assets for HKD4.65 million in November 2024.
Plastec Technologies (OTCBB: PLTYF) has declared a special one-time cash dividend of $0.35 per share, payable on December 20, 2024, to shareholders of record as of December 13, 2024. The dividend will be funded from the company's cash position of $12.2 million as of June 30, 2024. Additionally, the company's subsidiary, Viewmount Development , has sold its 100% stake in Sun Line Industrial to an independent third party for HKD4.65 million, approximately equivalent to Sun Line's net book value. The sale aims to streamline the group's organizational structure given operations.
Plastec Technologies, (OTCBB: PLTYF) has reported its unaudited financial results for the first half of fiscal 2024, ending June 30. The company maintains a strong balance sheet with $12.2 million in cash and cash equivalents, slightly down from $12.3 million at the end of 2023. Working capital stood at $11.0 million, compared to $11.1 million on December 31, 2023. The book value per share remained stable at $0.86.
Chairman Kin Sun Sze-To emphasized the company's lean corporate structure and minimal operations, highlighting their readiness to capitalize on new opportunities due to their strong financial position. The company's financial stability suggests a cautious approach while maintaining flexibility for potential future ventures.
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Plastec Technologies, Ltd. (OTC-PINK: PLTYF) reported its audited financial results for the fiscal year ending December 31, 2022. The company announced a working capital of $11.1 million, down from $11.5 million in 2021. The book value per share declined to $0.86 from $0.89. Mr. Kin Sun Sze-To, Chairman, expressed confidence in maintaining public listing status and being well-positioned for future opportunities. However, the company faced a net loss of (3,507) in 2022, compared to a loss of (3,001) in 2021. Despite maintaining a lean operational structure, uncertainties remain regarding future performance.
Plastec Technologies, Ltd. (OTCBB: PLTYF) reported unaudited financial results for the six months ending June 30, 2022. The Company holds $11.3 million in working capital, down slightly from $11.5 million at the end of 2021. Book value per share is $0.88, a decrease from $0.89. The Board has extended its securities repurchase plan until September 25, 2023, permitting up to $5 million in repurchases. Chairman Kin Sun Sze-To emphasized the Company’s focus on maintaining a lean expense structure and readiness to seize market opportunities.
Plastec Technologies, Ltd. (OTCBB: PLTYF) reported its audited financial results for the fiscal year 2021, ending December 31, 2021. The company experienced a significant decline in working capital, falling from $22.2 million in 2020 to $11.5 million in 2021. Additionally, the book value per share decreased from $1.72 to $0.89 during the same period. Chairman Kin Sun Sze-To noted the company's commitment to maintaining its public status and low expense infrastructure to explore investment opportunities.