Fredriksen bolsters Golden Ocean holding

Fredriksen bolsters Golden Ocean holding

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.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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