MT Newswires Live06-30 19:10
Sakai Chemical Industry (TYO:4078) will complete the conversion of its fourth series unsecured convertible bonds, issued in 2023, with stock acquisition rights, according to a Tuesday filing on the Tokyo Stock Exchange.
Principal investor SH1 exercised the full 3 billion yen principal amount under the deal, with the conversion into common shares expected to be completed by July 6.
The company will issue 1.5 million common shares, equivalent to 9.5% of its total issued share capital.
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