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Plastec Technologies (PLTYF) to pay final dividend, deregister shares and liquidate

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Plastec Technologies, Ltd. is implementing an orderly wind-down that includes a final cash dividend, deregistration of its shares in the United States, and eventual liquidation. The board approved a final cash dividend of US$0.39 per ordinary share, payable on or about August 3, 2026 to shareholders of record as of the close of business on July 27, 2026.

After paying this dividend, the company intends to file Form 15 to terminate registration of its ordinary shares under the Securities Exchange Act of 1934. Reporting obligations will be suspended upon filing, with deregistration expected to become effective 90 days later. The company’s ordinary shares, currently quoted on the OTCID Market, will cease to be quoted following deregistration. Management states that, after satisfying liabilities and setting appropriate reserves under Cayman Islands law, the remaining available capital will be returned to shareholders as part of a planned liquidation and dissolution.

Positive

  • Board approved a US$0.39 per share final cash dividend payable to shareholders of record on July 27, 2026.

Negative

  • Company plans to deregister, end OTCID quotation, and proceed to liquidation and dissolution, effectively winding down operations.
Final cash dividend US$0.39 per ordinary share Final dividend approved by the board
Dividend record date July 27, 2026 Shareholders of record entitled to the US$0.39 dividend
Expected dividend payment date August 3, 2026 Approximate payment date for the final cash dividend
Deregistration effectiveness period 90 days Deregistration expected to be effective 90 days after Form 15 filing
Form 15 regulatory
"the Company intends to file a Form 15 with the U.S. Securities and Exchange Commission"
A Form 15 is a short filing a public company uses with the U.S. Securities and Exchange Commission to stop or pause its routine public reporting requirements when it meets certain legal thresholds (such as a low number of public shareholders) or other qualifying conditions. Investors should care because filing one typically means less public financial information and lower trading liquidity—similar to a shop taking down its public notice board, making it harder to track performance and buy or sell shares.
deregistration regulatory
"approved: i) a final cash dividend, ii) the deregistration of the Company’s ordinary shares"
Deregistration is when a company officially removes itself from a stock exchange or regulatory list, meaning it is no longer publicly traded. This can happen if the company is shrinking or choosing to go private, and it matters because it changes how investors can buy or sell its shares.
liquidation and dissolution financial
"proceed with the liquidation and dissolution of the Company in accordance with applicable Cayman Islands law"
Liquidation and dissolution describe the shutdown of a company: liquidation is the process of selling the business’s assets, using the cash to pay creditors and, if anything remains, returning value to owners; dissolution is the formal legal step that ends the company’s existence. For investors, these steps determine whether and how much money creditors and shareholders recover, and signal that the business will no longer generate future revenue—think of it as clearing out a shop, settling bills, then closing the store for good.
OTCID Market market
"The Company’s ordinary shares are currently quoted on the OTCID Market"
forward-looking statements regulatory
"This press release contains “forward-looking statements.” These forward-looking statements involve significant risks"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
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FAQ

What dividend did Plastec Technologies (PLTYF) approve and when will it be paid?
Plastec Technologies approved a final cash dividend of US$0.39 per ordinary share. It is expected to be paid on or about August 3, 2026 to shareholders of record as of July 27, 2026.

What is the record date for Plastec Technologies (PLTYF) final dividend?
The record date for Plastec Technologies’ final cash dividend is the close of business on July 27, 2026. Shareholders on record that date are expected to receive US$0.39 per ordinary share.

What deregistration steps is Plastec Technologies (PLTYF) taking in the U.S.?
Following the dividend payment, Plastec Technologies intends to file Form 15 to terminate registration of its ordinary shares under the Exchange Act. Reporting obligations will be suspended upon filing, with deregistration expected to be effective 90 days later.

Will Plastec Technologies (PLTYF) shares continue trading after deregistration?
Plastec’s ordinary shares are currently quoted on the OTCID Market, but will no longer be quoted there following deregistration. This is part of the company’s broader plan to deregister and subsequently liquidate and dissolve.

Is Plastec Technologies (PLTYF) planning to liquidate and dissolve the company?
Yes. After filing Form 15, Plastec Technologies intends to proceed with liquidation and dissolution under Cayman Islands law, after satisfying liabilities and setting reserves, and to return remaining available capital to shareholders.

Why is Plastec Technologies (PLTYF) choosing deregistration and liquidation?
Management states it has determined that terminating registration and proceeding with liquidation and dissolution is in shareholders’ best interests to minimize future administration expenses, while returning remaining available capital after all debts and liabilities are covered.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION 

WASHINGTON, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER 

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE 

SECURITIES EXCHANGE ACT OF 1934

 

For the month of: July 2026

 

Commission File Number: 000-53826

 

PLASTEC TECHNOLOGIES, LTD. 

(Translation of registrant’s name into English)

 

c/o Unit 01, 21/F, Aitken Vanson Centre, 61 Hoi Yuen Road, Kwun Tong, Kowloon, Hong Kong 

(Address of Principal Executive Offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. 

Form 20-F x Form 40-F ¨

 

 

 

 

 

 

Final Cash Dividend; Planned Deregistration, Liquidation and Dissolution

 

On July 13, 2026, the board of directors of Plastec Technologies, Ltd. (the “Company”) approved the declaration of a final cash dividend to shareholders of US$0.39 per ordinary share. The dividend will be payable on or about August 3, 2026 to shareholders of record as of the close of business on July 27, 2026.

 

Following payment of the final cash dividend, the Company intends to file a Form 15 with the Securities and Exchange Commission to terminate the registration of its ordinary shares under Section 12(g) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), pursuant to Rule 12g-4(a)(1) thereunder. Upon filing the Form 15, the Company’s obligation to file reports under Section 13(a) of the Exchange Act will be immediately suspended, and the termination of registration is expected to become effective 90 days after the filing.

 

Following the filing of the Form 15, the Company intends to proceed with the liquidation and dissolution of the Company in accordance with applicable law, subject to the satisfaction of its liabilities, the establishment of appropriate reserves and such other matters as the board of directors may determine to be necessary or advisable in accordance with Cayman Islands law.

 

The foregoing information shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

 

Cautionary Note Regarding Forward Looking Statements

 

This Report of Foreign Private Issuer on Form 6-K include “forward-looking statements” made pursuant to the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. These forward-looking statements generally are identified by the words or phrases such as “aspire,” “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “will be,” “will continue,” “will likely result,” “could,” “should,” “believe(s),” “predicts,” “potential,” “continue,” “future,” “opportunity,” seek,” “intend,” “strategy,” or the negative version of those words or phrases or similar expressions are intended to identify such forward-looking statements.

 

The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based unless required by law.

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: July 13, 2026

 

  PLASTEC TECHNOLOGIES, LTD.
   
  By: /s/ Kin Sun Sze-To           
  Name: Kin Sun Sze-To
  Title: Chief Executive Officer

 

 

 

 

Exhibit 99.1

 

 

PLASTEC TECHNOLOGIES ANNOUNCES BOARD APPROVAL OF FINAL CASH DIVIDEND,

DEREGISTRATION, AND PLAN FOR LIQUIDATION AND DISSOLUTION

 

Hong Kong – July 13, 2026 – Plastec Technologies, Ltd. (OTCID: PLTYF) (the “Company”) today announced that its Board of Directors at a meeting held on July 13, 2026, approved: i) a final cash dividend, ii) the deregistration of the Company’s ordinary shares, and iii) a plan for liquidation and dissolution.

 

Final Cash Dividend:

 

The Board approved the declaration of a final cash dividend of US$0.39 per ordinary share. The dividend will be payable on or about August 3, 2026 to shareholders of record as of the close of business on July 27, 2026.

 

Deregistration:

 

Following payment of the final cash dividend, the Company intends to file a Form 15 with the U.S. Securities and Exchange Commission to terminate the registration of its ordinary shares under the Securities Exchange Act of 1934, as amended. Upon filing, the Company’s reporting obligations will be immediately suspended, and the deregistration is expected to become effective 90 days thereafter.

 

The Company’s ordinary shares are currently quoted on the OTCID Market. Following the Company’s deregistration, the Company’s ordinary shares will no longer be quoted on the OTCID Market.

 

Liquidation and Dissolution:

 

Following the filing of the Form 15, the Company intends to proceed with the liquidation and dissolution of the Company in accordance with applicable Cayman Islands law. This process will be subject to the satisfaction of the Company’s liabilities, the establishment of appropriate reserves, and such other matters as the Board of Directors deems necessary or advisable.

 

Management Comments:

 

Mr. Kin Sun Sze-To, Chairman of the Company, stated, “We have determined at this time that it is in the best interests of our shareholders to terminate the registration of our ordinary shares and proceed with the liquidation and dissolution of the Company to minimize any future administration expenses. In connection with the foregoing, we will return the remaining available capital, after providing for all remaining debts and liabilities, including those to be incurred in association with deregistration and completion of the intended liquidation and dissolution, in accordance with applicable Cayman Islands laws.”

 

Mr. Sze-To concluded, “We thank our shareholders for their support throughout the Company’s history.”

 

Forward Looking Statements

 

This press release contains “forward-looking statements.” These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Actual results may differ from expectations, estimates and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements.

 

CONTACT: 

Plastec Technologies, Ltd.

HL Ning, Chief Financial Officer

ning@plastec.com.hk

 

INVESTOR RELATIONS:

The Equity Group Inc.

Alice Zhang, Associate

(212) 836-9610 / alice.zhang@theequitygroup.com

Lena Cati, Senior Vice President

(212) 836-9611 / lena.cati@theequitygroup.com

 

 

 

Source: View Original Filing on SEC EDGAR

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