Hafnia CFO Trims Stake While Retaining Significant Holding

Hafnia Limited (OSE: HAFNI, NYSE: HAFN) issued 35,488,875 new shares, raising approximately $300 million. The shares were issued to settle a share lending agreement related to a recent offering. The company now has 535,331,154 shares outstanding, all fully paid and trading on Euronext Oslo Børs.

Hafnia Limited issued 35.49M new shares, increasing total outstanding shares to 535.33M. The shares were issued to settle a share lending related to a $300M offering and are now trading on Euronext Oslo Børs. The company has not yet disclosed the use of proceeds or updated guidance.

Hafnia raised $300M via a share sale, issuing 35.49M shares at $8.43 each. The funds will support its balance sheet, increase its stake in TORM to 19.85%, and cover general corporate purposes. Analysts expect Hafnia's revenue and earnings to decline over the next few years, with 2029 projections at $486.1M and $257.7M, respectively.

Hafnia raised $300m via share issuance, now owns 19.85% of Torm. The company spent $57.8m to buy 1.7m Torm shares at $34 each, adding to recent purchases. Proceeds will strengthen Hafnia's balance sheet and fund strategic opportunities.

Hafnia Ltd's stock fell 3.4% to $8.80 after completing a $300M equity placement, issuing 35.5M new shares. The capital raise supports its acquisition of TORM plc shares, now owning 19.85%. Insider selling and broader market declines also pressured the stock.

Hafnia Ltd (HAFN) shares fell 4.5% after it acquired 1.7M Torm PLC (TRMD) Class A shares at $34 each, increasing its stake to 19.85%. Hafnia is a leading tanker owner with around 180 vessels.