Paladin Limited to Issue New Shares for Convertible Notes

Paladin Limited (HK:0495) has released an update.

Paladin Limited is set to settle its maturing Convertible Notes worth over $60 million not with cash, but by issuing 243,661,670 new shares. This move will significantly alter the company’s shareholding structure, with the Oung family concert group increasing their stake to over 70%. Investors should note the implications of this share issuance on the company’s market dynamics.

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