Pacific Basin Shipping ( (HK:2343) ) has shared an announcement.
Pacific Basin Shipping Limited has announced an adjustment to the conversion price of its US$175,000,000 3% Guaranteed Convertible Bonds due 2025. The conversion price will be adjusted from HK$1.39 per share to HK$1.35 per share, effective 2 May 2025, due to a final dividend payment. This adjustment aligns with the terms of the bonds and is expected to increase the maximum number of shares issuable upon full conversion to 163,165,015 shares. The announcement serves as a notification to bondholders regarding this change, which reflects the company’s ongoing financial strategies and impacts its convertible bondholders.
More about Pacific Basin Shipping
Pacific Basin Shipping Limited operates in the shipping industry, primarily focusing on dry bulk shipping services. The company is known for its extensive fleet of vessels and its market focus on transporting dry bulk commodities such as coal, grain, and minor bulks across various global routes.
YTD Price Performance: -4.55%
Average Trading Volume: 4,251
Technical Sentiment Signal: Buy
Current Market Cap: $1.13B
Learn more about 2343 stock on TipRanks’ Stock Analysis page.