Genco Shipping & Trading Ltd (GNK) investor Kibo reports 8.5% stake
Rhea-AI Filing Summary
Kibo Investments Pte. Ltd. filed an amended Schedule 13G/A reporting its beneficial ownership of common stock of Genco Shipping & Trading Ltd. Kibo holds 3,707,208 shares of common stock, representing 8.5% of the outstanding class, with sole voting and sole dispositive power over all of these shares.
The ownership percentage is calculated based on 43,586,605 shares of Genco common stock outstanding as of August 5, 2026, as reported in Genco’s Form 10-Q for the quarter ended June 30, 2026. The filing lists Genco’s principal executive offices in New York and Kibo’s principal business office in Singapore, and is signed by director Bernard Fung on August 8, 2026.
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Key Figures
Shares beneficially owned: 3,707,208 shares
Percent of class: 8.5%
Shares outstanding baseline: 43,586,605 shares
+2 more
5 metrics
Shares beneficially owned
3,707,208 shares
Common stock of Genco Shipping & Trading Ltd reported by Kibo Investments
Percent of class
8.5%
Portion of Genco common stock class owned by Kibo Investments
Shares outstanding baseline
43,586,605 shares
Genco common stock outstanding as of August 5, 2026 per Form 10-Q
Sole voting power
3,707,208 shares
Shares over which Kibo has sole power to vote
Sole dispositive power
3,707,208 shares
Shares over which Kibo has sole power to dispose
Key Terms
beneficially owned, percent of class, sole dispositive power, sole voting power
4 terms
beneficially owned financial
"Amount beneficially owned: 3,707,208"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
percent of class financial
"Percent of class: 8.5 %"
Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.
sole dispositive power financial
"Sole Dispositive Power 3,707,208.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
sole voting power financial
"Sole Voting Power 3,707,208.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What percentage of Genco Shipping & Trading Ltd (GNK) does Kibo Investments own?
Kibo Investments Pte. Ltd. reports owning 8.5% of Genco Shipping & Trading Ltd’s common stock, based on 43,586,605 shares outstanding as of August 5, 2026, as disclosed in Genco’s Form 10-Q.
Who signed the Schedule 13G/A for Kibo Investments regarding Genco (GNK)?
The Schedule 13G/A is signed by Bernard Fung, a director of Kibo Investments Pte. Ltd., dated August 8, 2026, certifying the reported ownership information regarding Genco’s common stock.