SINO-OCEAN GP (03377) has announced the issuance of approximately 296,100 new shares as a result of conversions under its mandatory convertible bonds.
According to the company's statement, 205,900 new shares were allotted and issued following the conversion of the Group B zero-coupon mandatory convertible bonds due 2027, which were issued on March 27, 2025.
Additionally, 90,200 new shares were allotted and issued upon the conversion of the Group C zero-coupon mandatory convertible bonds due 2027, also issued on March 27, 2025.
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