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An update from BGMC International Ltd. ( (HK:1693) ) is now available.
BGMC International Ltd. has announced a proposed capitalisation of redeemable secured loan stocks through the issuance of new shares under a specific mandate. This move is aimed at addressing the approaching maturity date of the RSLS and the company’s current financial position. The proposal involves issuing up to 43 million new shares, which would significantly increase the company’s share capital. The RSLS Holders’ meeting is scheduled for June 2025 to consider extending the maturity date and approve the capitalisation plan. This strategic decision is expected to impact the company’s financial restructuring efforts and its market positioning.
More about BGMC International Ltd.
BGMC International Ltd. is a company incorporated in the Cayman Islands, operating in the construction and engineering industry. It is focused on providing construction services and solutions, primarily in Malaysia, through its subsidiary BGMC Corporation Sdn Bhd.
Average Trading Volume: 35,341
Technical Sentiment Signal: Buy
Current Market Cap: HK$74.83M
Learn more about 1693 stock on TipRanks’ Stock Analysis page.