John Fredriksen’s family investment vehicle Franklin Enterprises continues to build up its holding in Golden Ocean.
Franklin bought $12.6m of convertible bonds in Golden Ocean yesterday. Following the acquisition, Franklin holds in aggregate $93.6m in the convertible bond, convertible into 4,696,437 shares in Golden Ocean, equalling approximately 2.7 % of the shares and votes in the company.
Another Fredriksen family trust, Hemen Holding, holds 74,436,122 shares in Golden Ocean, equalling approximately 43.12% of the shares and votes in the company.