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STX PO
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nickyng
Supreme |
24-Oct-2007 11:05
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wow...this burger seems to be hitting high now and then siah!! looks like candidates for me to SHORT...READY to STRIKE !!! :P hmm...could be actions by unseen hands...hmm... hee... |
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oceanblue
Senior |
24-Aug-2007 10:33
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This counter seems to be holding well in a down market. When is it listing in S. Korea? |
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investment
Senior |
22-Jul-2007 18:11
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SEOUL - STX Pan Ocean, a South Korean shipping firm listed in Singapore, aims to raise a higher-than-expected US$546 million in the country's second-biggest initial public offering so far this year, South Korea's top dry bulk shipping firm is raising the pricing range of its IPO by around a quarter to reflect a more than 40 per cent gain in its share price, sources familiar with the matter told Reuters. They added that STX, which had hired Samsung Securities as the sole bookrunner for the deal, has chosen Goldman Sachs as the joint lead manager to handle 30 per cent of the offering -- Seoul's second-biggest this year after Samsung Card's US$620 million IPO last month. STX's Seoul listing, aimed at bankrolling purchases of new ships amid buoyant freight rates, marks the first time a South Korean firm has gone public abroad first and then later listed shares at home. 'The Korea Exchange is currently reviewing STX's application for the listing. There are some hurdles to be cleared because the IPO is the first of its kind, but hopefully we will be able to list by the end of September,' one of the sources said, asking not to be identified. On June 1, STX Pan Ocean said it would issue 343 million new shares, or 20 per cent of its current share capital, to raise between 358.5 billion won and 396.3 billion won. The sources told Reuters the company is now aiming to raise a total of around 500 billion won (US$546.1 million) after its share price surged 42 per cent since June as of Thursday's market close. STX will use the proceeds from the Seoul listing to help finance its purchase of 16 new vessels in 2007, which it estimated would cost about US$800 million. STX is expanding its fleet as prices on the Baltic Exchange's Dry freight index for shipping goods such as grains, coal, iron ore and sugar on major routes have hit records this year on the back of strong Chinese and Indian demand for raw materials. STX Pan Ocean, valued at about $4.1 billion (US$2.72 billion) on the Singapore Stock Exchange after its 2005 listing, earned a 101.7 billion won net profit on sales of 2.78 trillion won in 2006. South Korean shipbuilder STX Shipbuilding Co is the top shareholder with a 38.9 per cent stake, followed by state-run Korea Development Bank with 18.7 percent |
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bsiong
Supreme |
27-Jul-2006 14:38
Yells: "The Greatest Wealth is Health" |
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http://www.remisiers.org/research//STX%20Panocean%20-%20270706%20-%20CS%20(upgraded).pdf |
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