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Pacific Basin Shipping Ltd (2343.HK)

2343.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

Pacific Basin Shipping Proposes Acquisition of Four Modern Dry Bulk Vessels
Monday, 14 May 2018 

May 14 (Reuters) - Pacific Basin Shipping Ltd <2343.HK>::UNIT TO ACQUIRE 1 SUPRAMAX VESSEL FOR $15.5 MILLION AND 1 RESALE NEWBUILDING SUPRAMAX VESSEL FOR $28 MILLION.UNIT TO BUY SECONDHAND HANDYSIZE VESSEL FOR $20.5 MILLION AND TO RESALE NEWBUILDING HANDYSIZE VESSEL FOR $24.5 MILLION.CONSIDERATION PAYABLE BY COMBINATION OF ISSUE OF 170.8 MILLION NEW SHARES AT HK$2.036/SHARE FOR $347.7 MILLION AND BY CASH OF $44.2 MILLION.  Full Article

Pacific Basin Shipping Updates On Grant of Listing Approval of Proposed Issue of New Shares
Monday, 23 Apr 2018 

April 23 (Reuters) - Pacific Basin Shipping Ltd <2343.HK>::STOCK EXCHANGE GRANTED APPROVAL FOR LISTING OF, & PERMISSION TO DEAL IN, NEW SHARES ON MAIN BOARD OF STOCK EXCHANGE.  Full Article

Pacific Basin Shipping FY Net Profit Us$3.6 Mln Vs Us$86.5 Mln Net Loss
Wednesday, 28 Feb 2018 

Feb 28 (Reuters) - Pacific Basin Shipping Ltd <2343.HK>::FY NET PROFIT OF US$3.6 MILLION VERSUS US$86.5 MILLION NET LOSS.FY REVENUE US$1,488.0 MILLION VERSUS US$1,087.4 MILLION.  Full Article

Pacific Basin Shipping updates on placing agreement
Wednesday, 2 Aug 2017 

Aug 2 (Reuters) - Pacific Basin Shipping Ltd <2343.HK>::Company entered into placing agreement with HSBC.Gross proceeds from placing will be approximately US$38.0 million assuming placing shares are fully placed.Agreement‍ to subscribe for 186.9 million placing shares at placing price of HK$1.59 per placing share​.Intends to apply net proceeds from placing to finance portion of cash payment as part of consideration for vessels' acquisition.  Full Article

Pacific Basin proposes acquisition of five modern dry bulk vessels
Wednesday, 2 Aug 2017 

Aug 2 (Reuters) - Pacific Basin Shipping Ltd <2343.HK>:proposed acquisition of five modern dry bulk vessels and proposed issue of vessel consideration shares under the general mandate .Aggregate consideration for five vessels is US$104.6 million.‍PB vessels holding limited has entered into five separate ship contracts for acquisition of five vessels​.  Full Article

Pacific Basin Shipping says HY loss attributable $12 mln
Friday, 28 Jul 2017 

July 28 (Reuters) - Pacific Basin Shipping Ltd <2343.HK>:Hy revenue $702.9 million versus $488.4‍​ million.Hy loss attributable to shareholders $12 million versus loss $49.8 million.  Full Article