CSSC SHIPPING (03877) Completes Issuance of HK$2.338 Billion Convertible Bonds

Stock News01-28

CSSC SHIPPING (03877) announced that all conditions precedent under the subscription agreement have been fulfilled, and the bonds with a total principal amount of HK$2.338 billion were successfully issued on January 28, 2026. Assuming the bonds are fully converted at an initial conversion price of HK$2.39 per share, they will be converted into approximately 978,242,677 shares, which differs slightly from the previously announced figure of 978,242,678 shares due to rounding adjustments. The approval for the listing and trading of the bonds on The Stock Exchange of Hong Kong is expected to take effect on January 29, 2026. The company has also obtained approval for the listing and trading of the shares to be converted on the Hong Kong Stock Exchange.

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