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Beng Kuang Marine Ltd. ( (SG:BEZ) ) has provided an update.
Beng Kuang Marine Ltd. has announced the issuance and allotment of 39,000 new ordinary shares following the exercise of warrants at an exercise price of S$0.22 per share. This move increases the total number of issued shares to 207,331,973 and reflects the company’s ongoing efforts to strengthen its capital base. The new shares will be listed on the Singapore Exchange, and there remain 59,668,610 outstanding warrants with the same exercise price, set to expire in September 2027.
More about Beng Kuang Marine Ltd.
Beng Kuang Marine Ltd. is a company incorporated in Singapore, operating in the marine industry. It focuses on providing marine engineering services and solutions, catering to various stakeholders in the maritime sector.
Average Trading Volume: 944,687
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$51.82M
See more insights into BEZ stock on TipRanks’ Stock Analysis page.