Beng Kuang Marine has allotted and issued 5,700 new ordinary shares following the exercise of warrants, at an exercise price of 22 cents per share. This increases the company’s total issued shares to 208.99 million.
As at the date of this announcement, 58 million warrants remain outstanding, each with an exercise price of 22 cents and expiring on Sept 3, 2027.
Since 12 March 2025, Beng Kuang Marine has allotted and issued approximately 1.75 million shares upon the exercise of warrants.
Shares in Beng Kuang closed flat at 28.5 cents on Feb 2.
