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BGMC International Ltd. ( (HK:1693) ) has shared an announcement.
BGMC International Ltd. has entered into a placing agreement with Aristo Securities Limited to issue up to 3,610,000 new shares under its existing general mandate at HK$2.20 per share, representing discounts of around 1%–4% to recent market prices. The new shares would account for about 9.12% of the current issued share capital and 8.36% of the enlarged capital, raising an expected maximum of HK$7.94 million in gross proceeds, or about HK$7.69 million net, to be used for general working capital including staff costs, professional fees and other operating expenses, with completion remaining conditional on regulatory approval and other customary conditions, meaning dilution for existing shareholders but additional liquidity for the group if the placing proceeds.
More about BGMC International Ltd.
BGMC International Ltd., incorporated in the Cayman Islands and listed in Hong Kong (Stock Code: 1693), is a publicly traded company that raises capital on the Hong Kong Stock Exchange. The company utilizes general share issue mandates to access equity markets and support its ongoing operational and working capital needs.
Average Trading Volume: 13,275
Technical Sentiment Signal: Hold
Current Market Cap: HK$89.08M
For detailed information about 1693 stock, go to TipRanks’ Stock Analysis page.