BGMC International Ltd. Announces Uncertainty Over Proposed Debt Restructuring and Properties Swap Amid RSLS Holders' Meeting
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BGMC International Ltd. has announced uncertainty regarding its proposed debt restructuring and properties swap following the RSLS Holders' Meeting. No binding agreements have been made for the Proposed RSLS Capitalisation or the Proposed Properties Swap, raising caution for shareholders and potential investors. The meeting also discussed a redemption plan for RSLS Holders to capitalize the redemption amount through equivalent properties, which would be considered asset disposal under Chapter 14 of the Listing Rules. BGMC will comply with Listing Rules and provide further updates as needed.
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