BGMC (01693) completed the placement of 3.59 million shares, raising approximately HK$4.15 million net.

BGMC (01693) announces that all conditions stipulated in the placement agreement have been met, and the placement was completed on May 2, 2025, in accordance with the terms and conditions of the placement agreement. The placement agent successfully placed 3.59 million shares at a price of HK$1.20 per share to a minimum of 6 subscribers, representing approximately 9.07% of the enlarged share capital of the company after the completion of the placement. The net proceeds from the placement of approximately HK$4.15 million will be used as general working capital for the group, as stated in this announcement.