BGMC International (HKG:1693) agreed to issue equity to settle around HK$17.6 million in amounts owed to certain trade creditors, according to a Hong Kong bourse filing Tuesday.
The firm will issue nearly 7.5 million shares at HK$2.35 apiece to settle the payment. The shares represent 18.92% of the firm's issued share capital and 15.91% as enlarged by the issue.
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