Pacific Basin Shipping (HK:2343) has released an update.
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Pacific Basin Shipping Limited has applied for listing approval for Additional Conversion Shares after multiple adjustments to the conversion price of their Bonds, which has resulted in an increase of 54,158,202 Shares from the original number. The company has seen changes due to both repurchases and conversions of the Bonds, with the aggregate principal amount under the Bonds now standing at US$28,110,000. The adjustments are set to accommodate dividends declared since December 2019 and are within the issuance capacity granted by shareholders.
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