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BGMC International Ltd. ( (HK:1693) ) has issued an announcement.
BGMC International has completed a debt capitalisation exercise, issuing 29,588,744 new shares to holders of redeemable secured loan stocks and 7,489,496 shares to trade creditors. The shares were priced at HK$2.320 and HK$2.350 respectively, with the full subscription amounts used to offset outstanding RSLS and trade payables, meaning no new cash proceeds were raised.
Following the transaction, the company’s issued share capital increased from 43,200,000 to 80,278,240 shares, significantly diluting existing substantial shareholders’ combined stake from a majority position to a smaller proportion of the enlarged base. The move broadens the public float, makes key suppliers and contractors meaningful shareholders, and reduces balance-sheet debt, potentially easing financial pressure while reshaping control dynamics among major and public investors.
More about BGMC International Ltd.
BGMC International Ltd. is a Cayman Islands–incorporated company listed in Hong Kong, operating through its construction-related subsidiaries such as BGMC Holdings Berhad. The group works with a wide network of suppliers and contractors, including over 300 parties that now also hold shares in the company, reflecting its reliance on an extended project delivery chain.
Average Trading Volume: 21,505
Technical Sentiment Signal: Hold
Current Market Cap: HK$191.8M
Find detailed analytics on 1693 stock on TipRanks’ Stock Analysis page.