GSH Corporation plans to raise $78 million via a renounceable rights issue of convertible bonds in a bid to improve its liquidity and financial position by being less reliant on external funding.

Entitled shareholders subscribe four convertible bonds priced at $1 each for every 100 existing shares they hold. 

The convertible bonds have a maturity date of three years from the issue date of the bonds, at a coupon rate of 5.20% per annum, payable on a semi-annual basis. 

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