Shih Wei Navigation sets conversion price for sixth convertible bond

By Mary-Katherine Stinson

Lexington, Ky., June 1 – Shih Wei Navigation Co., Ltd.’s board of directors determined the conversion price of its sixth issue of its domestic secured convertible corporate bond, according to a notice.

The conversion price is NT$23.80 per share. The conversion price is determined with a conversion premium set at 103.12% of the base share price of NT$23.08, which is the average closing price of common shares of Shih Wei five business days before the record date of June 1.

Taipei City, Taiwan-based Shih Wei is a shipping owner-operator engaged in general and dry bulk cargo shipping.

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