SINO-OCEAN GP Issues Nearly 2 Million New Shares Following Bond Conversion

Stock News02-23 17:28

SINO-OCEAN GP (03377) has announced the allotment and issuance of new shares resulting from the conversion of its zero-coupon mandatory convertible bonds. On February 23, 2026, the company issued 1.6832 million new shares following the conversion of its Series B bonds due 2027, which were originally issued on March 27, 2025. On the same date, an additional 90,200 new shares were issued from the conversion of the Series C bonds due 2027, also issued on March 27, 2025. Furthermore, 223,000 new shares were allotted and issued from the conversion of the Series D bonds due 2027, which were issued on the same date in 2025. In total, the company issued 1.9964 million new shares.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment