---
title: "BGMC International Cuts Debt via Share-for-Credit Deal, Diluting Major Holders"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281226741.md"
description: "BGMC International Ltd. has completed a debt capitalisation exercise, issuing nearly 37 million new shares to redeemable secured loan stock holders and trade creditors, diluting existing shareholders' stakes. The shares were priced at HK$2.320 and HK$2.350, with no new cash raised. This move increases the company's share capital significantly and reduces balance-sheet debt, potentially easing financial pressure and reshaping control dynamics among investors. BGMC operates through construction-related subsidiaries and has a market cap of HK$191.8M."
datetime: "2026-03-31T16:48:30.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281226741.md)
  - [en](https://longbridge.com/en/news/281226741.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281226741.md)
---

# BGMC International Cuts Debt via Share-for-Credit Deal, Diluting Major Holders

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BGMC International Ltd. ( (HK:1693) ) has issued an announcement.

BGMC International has completed a debt capitalisation exercise, issuing 29,588,744 new shares to holders of redeemable secured loan stocks and 7,489,496 shares to trade creditors. The shares were priced at HK$2.320 and HK$2.350 respectively, with the full subscription amounts used to offset outstanding RSLS and trade payables, meaning no new cash proceeds were raised.

Following the transaction, the company’s issued share capital increased from 43,200,000 to 80,278,240 shares, significantly diluting existing substantial shareholders’ combined stake from a majority position to a smaller proportion of the enlarged base. The move broadens the public float, makes key suppliers and contractors meaningful shareholders, and reduces balance-sheet debt, potentially easing financial pressure while reshaping control dynamics among major and public investors.

**More about BGMC International Ltd.**

BGMC International Ltd. is a Cayman Islands–incorporated company listed in Hong Kong, operating through its construction-related subsidiaries such as BGMC Holdings Berhad. The group works with a wide network of suppliers and contractors, including over 300 parties that now also hold shares in the company, reflecting its reliance on an extended project delivery chain.

**Average Trading Volume:** 21,505

**Technical Sentiment Signal:** Hold

**Current Market Cap:** HK$191.8M

Find detailed analytics on 1693 stock on TipRanks’ Stock Analysis page.

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