Asia
Sakai Chemical Industry to Complete Fourth-Series Convertible Bond Conversion by July 6
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.
TYO:4078
