tiprankstipranks
Pacific Basin Adjusts Bond Conversion Terms
Company Announcements

Pacific Basin Adjusts Bond Conversion Terms

Pacific Basin Shipping (HK:2343) has released an update.

Don't Miss our Black Friday Offers:

Pacific Basin Shipping Limited has announced adjustments to the conversion price of its US$175 million guaranteed convertible bonds due 2025, following dividend payments and bond repurchases and conversions. The adjustments have led to an increase in the number of shares issuable upon full conversion, with the company now expecting to issue 158,469,619 additional shares. A new application for listing these shares has been submitted to the Stock Exchange.

For further insights into HK:2343 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks HongKong Auto-Generated NewsdeskPacific Basin Shipping: Strong Q3 Performance and Future Optimism
TipRanks HongKong Auto-Generated NewsdeskPacific Basin Shipping Announces Bond Conversion Adjustments
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App