BGMC International Ltd. (HK:1693) has released an update.
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BGMC International Ltd. announced the winding-up of its non-wholly owned subsidiary, Headway Construction Sdn. Bhd., due to outstanding debt issues. Despite the liquidation, the Board assures that this event will not negatively impact the company’s overall financial health, as Headway Construction has been dormant since 2021 and holds less than 5% of the Group’s total assets and revenue.
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