Filings Flow: Why Centerbridge Credit Partners Reported Big Genco Shipping & Trading Ltd Position?

Filings Flow: Why Centerbridge Credit Partners Reported Big Genco Shipping & Trading Ltd Position?

The New Centerbridge Credit Partners Holding in Genco Shipping & Trading Ltd

Centerbridge Credit Partners filed with the SEC SC 13D/A form for Genco Shipping & Trading Ltd. The form can be accessed here: 000090266416008580. As reported in Centerbridge Credit Partners’s form, the filler as of late owns 29.91% or 22,532,547 shares of the -company.

Genco Shipping & Trading Ltd stake is a new one for the and it was filed because of activity on October 27, 2016. We feel this shows Centerbridge Credit Partners’s positive view for the stock.

Reasons Why Centerbridge Credit Partners Bought – Genco Shipping & Trading Ltd Stock

PURPOSE OF TRANSACTION Item 4 of the Schedule 13D is hereby amended and supplemented by the addition of the following: As described in the Issuer’s Form 8-K filed October 27, 2016, on October 26, 2016, Centerbridge entered into a Stock Purchase Agreement with the Issuer effective as of October 27, 2016 (the “Additional Stock Purchase Agreement”) for the purchase of 1,032,990 shares of the Series A Preferred Stock for an aggregate purchase price of $5,010,001.50. The Series A Preferred Stock to be sold pursuant to the Additional Purchase Agreement will be automatically and mandatorily convertible Common Stock upon approval by the Company’s shareholders of such conversion. The purchase price of the Series A Preferred Stock under the Additional Purchase Agreement is $4.85 per share.The description of the Series A Preferred Stock is incorporated by reference from Amendment No. 6. The Reporting Persons hereby expressly disclaim membership in a “group” (within the meaning of Section 13(d)(3) of the Exchange Act) with any other stakeholders in the Issuer, and the entry into the Additional Stock Purchase Agreement and the filing of this Schedule 13D shall not be construed as an admission that any Reporting Person, for any purpose, is a member of a group with any such stakeholder, or any other person, or that the Reporting Persons beneficially own any shares of Common Stock beneficially owned by any other stakeholder, or any other person.

CUSIP No. Y2685T115SCHEDULE 13D/APage 19 of 24 Pages

The consummation of the transactions contemplated by the Additional Purchase Agreement is subject to the satisfaction of certain closing conditions, including, without limitation, refinancing and amendment of certain of the Issuer’s credit facilities. In addition, pursuant to the Additional Stock Purchase Agreement, the Issuer has agreed to enter into a Registration Rights Agreement with Centerbridge and the other investors listed on the signature pages attached to the Additional Stock Purchase Agreement (the “Registration Rights Agreement”). The Registration Rights Agreement will require, among other things, that the Issuer file one or more “resale” registration statements, registering under the Securities Act of 1933, as amended, the offer and sale of all of the Common Stock issued or to be issued upon conversion of the Series A Preferred Stock.
The description of the Additional Stock Purchase Agreement and the Registration Rights Agreement contained in this response to Item 4 are qualified in their entirety by reference to the Additional Stock Purchase Agreement, which is incorporated herein by reference and attached hereto as Exhibit 6, and the Registration Rights Agreement, which is incorporated herein by reference and attached hereto as Exhibit 7.

Business Profile

Guangshen Railway Company Limited is engaged in the provision of passenger and freight transportation on railroads. The Company is involved in passenger and freight transportation businesses on the Shenzhen-Guangzhou-Pingshi Railway, which is approximately 481.2 kilometers long, running vertically through Guangdong Province. The Company’s businesses include Passenger Transportation, Freight Transportation, Railway Network Usage and other transportation related services, and Other Businesses. The Company transports full load cargo, single load cargo, containers, bulky and overweight cargo, dangerous cargo, fresh and live cargo, and oversized cargo. The Company’s rail lines operated are closely knitted with the ports in Guangzhou and Shenzhen, and are connected to industrial zones, logistics zones and plants and mines in the Pearl River Delta region through the railroad sidings. It also offers on-board catering services.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

The stock increased 0.45% or $0.02 on October 31, hitting $4.43. Guangshen Railway Co., Ltd. (SHA:601333) has risen 6.00% since October 1, 2016 and is uptrending. It has outperformed by 2.53% the S&P500.

Guangshen Railway Company Limited is engaged in the provision of passenger and freight transportation on railroads. The company has a market cap of $. The Firm is involved in passenger and freight transportation businesses on the Shenzhen-Guangzhou-Pingshi Railway, which is approximately 481.2 kilometers long, running vertically through Guangdong Province. It currently has negative earnings. The Company’s businesses include Passenger Transportation, Freight Transportation, Railway Network Usage and other transportation related services, and Other Businesses.

More important recent Guangshen Railway Co., Ltd. (SHA:601333) news were published by: Etfdailynews.com which released: “The Most Lucrative Investment Opportunity In Old Economy Rail Stocks …” on April 07, 2014, also Twst.com published article titled: “Guangshen Railway Co. Ltd.: • CONNECTED TRANSACTIONS—ENTERING INTO THE ASSETS …”, Prnewswire.com published: “Guangshen Railway Filed 2015 Annual Report on Form 20-F” on July 07, 2016. More interesting news about Guangshen Railway Co., Ltd. (SHA:601333) was released by: Seekingalpha.com and their article: “Why I Bought Guangshen Railway” with publication date: May 28, 2014.

601333 Company Profile

Guangshen Railway Company Limited, incorporated on March 6, 1996, is engaged in the provision of passenger and freight transportation on railroads. The Firm is involved in passenger and freight transportation businesses on the Shenzhen-Guangzhou-Pingshi Railway, which is approximately 481.2 kilometers long, running vertically through Guangdong Province. The Company’s businesses include Passenger Transportation, Freight Transportation, Railway Network Usage and other transportation related services, and Other Businesses. The Firm transports full load cargo, single load cargo, containers, bulky and overweight cargo, dangerous cargo, fresh and live cargo, and oversized cargo. The Company’s rail lines operated are closely knitted with the ports in Guangzhou and Shenzhen, and are connected to industrial zones, logistics zones and plants and mines in the Pearl River Delta region through the railroad sidings.

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