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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Global Industrial Company | NYSE:GIC | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.365 | 1.09% | 33.985 | 34.15 | 33.395 | 33.77 | 13,415 | 19:06:33 |
From Jul 2019 to Jul 2024
The Government of Singapore Investment Corp. will see CHF11 billion worth of UBS AG (UBSN.VX) notes being converted into shares on March 5, according to a Securities and Exchange Commission filing.
The filing said GIC will convert the notes into 230.7 million ordinary shares of UBS, bringing GIC's stake in UBS to 6.6%.
According to a Dow Jones calculation the conversion price will be CHF47.7 per UBS share, pointing to a 71% paper loss when compared with UBS's closing price of CHF13.67 on Wednesday.
GIC held 9% of the Swiss bank through the convertible notes.
A GIC spokeswoman declined to comment. UBS also declined comment.
-By P.R. Venkat, Dow Jones Newswires; +65 64154 152; venkat.pr@dowjones.com
1 Year Global Industrial Chart |
1 Month Global Industrial Chart |
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