BGMC to Issue New Shares to Settle HK$17.6 Million Trade Payables
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BGMC International Ltd. (HK:1693) plans to issue 7,489,496 new shares at HK$2.35 each to settle HK$17.6 million in trade payables. This issuance will represent approximately 18.92% of the current share capital and aims to reduce the company's trade debt while diluting existing shareholders. Shareholder approval will be sought at an extraordinary general meeting, and the company will apply for the listing of the new shares. BGMC operates in the construction and engineering sector in Hong Kong.
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