John Fredriksen and his immediate family have bought a second tranche of shares in Golden Ocean Group in as many days.
Hemen Holding, which indirectly controls the Fredriksen family's trusts, on Tuesday purchased another 250,000 shares in the Oslo-listed bulker owner.
The shares were acquired at a price of NOK 41.1168 per share or NOK 10.3m ($1.1m) in total.
The acquisition has lifted Hemen's shareholding in Golden Ocean to 50,026,353 shares, which is equivalent to 34.67% of the company's outstanding shares and votes.
After markets closed in Norway on Monday, an exchange filing revealed Fredriksen had bought a tranche of 400,000 shares in Golden Ocean via Hemen.
As a result, the company's shares closed almost 5% higher on Tuesday at NOK 42.14, compared to the end of Monday.
Hemen also holds total return swap (TRS) agreements with underlying exposure to 4,905,000 shares in Golden Ocean.
The TRS agreements expire on 6 March and are exercisable at a price of 50.8498 NOK per share.
Before Monday, the last time Hemen invested in Golden Ocean was in March last year, when it bought a tranche of 50,000 shares.
