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