Stock Track | Golden Ocean Plunges 6.76% Pre-Market on Major Shareholder Stake Sale

Stock Track

Mar 05, 2025

Golden Ocean Group Limited (GOGL) shares plunged 6.76% in pre-market trading on Wednesday. This steep decline comes in the wake of an announcement that Hemen Holding Limited, a major shareholder, has agreed to sell its entire 40.8% stake in Golden Ocean to CMB.TECH.

According to reports, CMB.TECH entered into a share purchase agreement with Hemen Holding Limited to acquire 81,363,730 shares in Golden Ocean, representing about 40.8% of the company's outstanding shares. The deal is priced at $14.49 per share and is not expected to trigger a mandatory takeover bid.

CMB.TECH has reportedly identified a bank syndicate to refinance all or parts of Golden Ocean's current outstanding debt, indicating potential changes in the company's capital structure and ownership dynamics following the transaction.

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This steep decline comes in the wake of an announcement that Hemen Holding Limited, a major shareholder, has agreed to sell its entire 40.8% stake in Golden Ocean to CMB.TECH.</p>\n\n<p>According to reports, CMB.TECH entered into a share purchase agreement with Hemen Holding Limited to acquire 81,363,730 shares in Golden Ocean, representing about 40.8% of the company's outstanding shares. The deal is priced at $14.49 per share and is not expected to trigger a mandatory takeover bid.</p>\n\n<p>CMB.TECH has reportedly identified a bank syndicate to refinance all or parts of Golden Ocean's current outstanding debt, indicating potential changes in the company's capital structure and ownership dynamics following the transaction.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GOGL","symbol_name":"金海洋集团","start_time":0,"source_url":"","article_id":"1180922187","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1180922187","pubTimestamp":1741165343,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Golden Ocean Group Limited  shares plunged 6.76% in pre-market trading on Wednesday. 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