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The latest announcement is out from BGMC International Ltd. ( (HK:1693) ).
BGMC International Ltd. has entered into a Placing Agreement with Aristo Securities Limited to place a maximum of 7,200,000 new shares at HK$1.20 per share, representing a discount to recent trading prices. The placement aims to raise approximately HK$8.40 million in net proceeds, which will be used for general working capital. This move could potentially enhance the company’s liquidity and financial flexibility, although the completion of the placement is contingent upon certain conditions being met.
More about BGMC International Ltd.
BGMC International Ltd. is a company incorporated in the Cayman Islands, operating with limited liability. The company is listed on the Hong Kong Stock Exchange under the stock code 1693. It focuses on the placement of new shares under a general mandate, which is a part of its strategy to manage its capital and resources effectively.
YTD Price Performance: -2.96%
Average Trading Volume: 14,111
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$46.08M
For detailed information about 1693 stock, go to TipRanks’ Stock Analysis page.