BGMC International (01693) announced that on January 12, 2026, the company proposes to place up to 3.61 million placement shares, representing approximately 8.36% of the company's enlarged issued share capital following the allotment and issue of the placement shares.

The placement price is set at HK$2.20 per share, representing a discount of approximately 2.22% to the closing price of HK$2.25 per share on January 12.

Assuming all placement shares are successfully placed, the maximum gross proceeds from the placement are expected to be HK$7.94 million, with the net proceeds estimated to be approximately HK$7.69 million.

The company intends to use the net proceeds from the placement for the Group's general working capital purposes, which include employee remuneration, professional fees, and other operational expenses.