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Beng Kuang Marine Ltd. ( (SG:BEZ) ) has provided an announcement.
Beng Kuang Marine Ltd. has announced the issuance and allotment of 200,000 new ordinary shares following the exercise of warrants at S$0.22 per share. This increases the company’s total issued shares to 208,987,973. The new shares will be listed on the Singapore Exchange, and there remain 58,012,610 outstanding warrants set to expire in September 2027. This move is likely to impact the company’s market position by potentially increasing capital and enhancing shareholder value.
The most recent analyst rating on (SG:BEZ) stock is a Hold with a S$0.28 price target. To see the full list of analyst forecasts on Beng Kuang Marine Ltd. stock, see the SG:BEZ Stock Forecast page.
More about Beng Kuang Marine Ltd.
Beng Kuang Marine Ltd. is a company based in Singapore, operating in the marine industry. It provides a range of services and products related to marine engineering and construction, with a focus on supporting the maritime and offshore sectors.
Average Trading Volume: 1,219,519
Technical Sentiment Signal: Buy
Current Market Cap: S$58.46M
For an in-depth examination of BEZ stock, go to TipRanks’ Overview page.