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Beng Kuang Marine Ltd. ( (SG:BEZ) ) just unveiled an announcement.
Beng Kuang Marine Ltd. announced the issuance of 300,000 new ordinary shares following the exercise of warrants at an exercise price of S$0.22 per share, increasing the total number of issued shares to 208,787,973. This move is part of the company’s ongoing financial strategies and is expected to enhance its market position by increasing its share capital, with the new shares set to be listed on the Singapore Exchange.
The most recent analyst rating on (SG:BEZ) stock is a Hold with a S$0.50 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, construction, and maintenance, focusing on serving the maritime and offshore sectors.
Average Trading Volume: 2,253,926
Technical Sentiment Signal: Buy
Current Market Cap: S$62.55M
Find detailed analytics on BEZ stock on TipRanks’ Stock Analysis page.