The dry bulk shipowner, majority owned by Hong Kong-listed Jinhui Holdings, issued around 25.21m shares with subscriptions of up to 26.15m shares, representing an oversubscription of around 3.7%.
“Allocation of shares in the rights issue will be resolved on or about 25 July 2017 by the board of directors of the company in accordance with the allocation criteria set out in the prospectus,” Jinhui Holdings stated.
Jinhui Holdings has subscribed to 13.81m shares under a pre-subscription agreement for a total consideration of NOK110.48m. The subscription price for each share was NOK8, representing a 14.8% discount from the final price of NOK9.39 at close of market on 30 June 2017.
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited. Add Seatrade Maritime News to your Google News feed.
