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Conyers advised Jinhui Shipping and Transportation Limited (JIN:NO), one of the world’s largest Supramax bulk carrier owners, in respect of the Bermuda law aspects of a new share issuance. Jinhui Shipping and Transportation Limited is a Hong Kong based, Bermuda registered shipping company whose shares are listed on the Oslo Stock Exchange.
The issuance consisted of over 25 million shares at a share price of NOK 8.00 per share. The new shares were listed on the Oslo Stock Exchange on 2 August 2017.
Marcello Ausenda and Guy Cooper provided Bermuda law advice to Jinhui, while Advokatfirmaet Simonsen Vogt Wiig provided Norway law advice. Artic Securities AS was the sole manager of the share issuance.