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BGMC International Ltd. Completes Successful Share Placement

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BGMC International Ltd. Completes Successful Share Placement

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BGMC International Ltd. ( (HK:1693) ) just unveiled an update.

BGMC International Ltd. has successfully completed the placing of 3,590,000 new shares under a general mandate, representing approximately 9.07% of the company’s enlarged issued share capital. The net proceeds of approximately HK$4.15 million from this placing will be used for general working capital, impacting the company’s financial flexibility and stakeholder interests by slightly diluting existing shareholdings.

More about BGMC International Ltd.

BGMC International Ltd. is a company incorporated in the Cayman Islands with limited liability, primarily involved in the construction and engineering industry. The company focuses on providing construction services and solutions, with a market presence that includes various stakeholders and shareholders.

YTD Price Performance: 49.63%

Average Trading Volume: 40,531

Technical Sentiment Signal: Sell

Current Market Cap: HK$72.72M

See more data about 1693 stock on TipRanks’ Stock Analysis page.

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