STX PO   

STX Pan Ocean

From what i see, only the BBs benefit.  

 They buy cheap here and migrate to Korea where they can sell higher.  Not an expert on this .. just my thoughts... small retailers - how to do migration of shares?  only the institution and big players - right?   hence the price surpressed here.  . 

 

 

Can anyone share how will the share migration has an impact on the company and us?

 

Is it a good or bad thing for us?

Thanks for sharing~!

 

STX PAN OCEAN CO., LTD
________________________________________________________________________
MIGRATION OF SHARES BETWEEN SINGAPORE EXCHANGE AND KOREA
EXCHANGE
________________________________________________________________________


STX Pan Ocean Co., Ltd (?the Company?) wishes to announce the number of the
Company?s shares migrated between Singapore Exchange (?SGX?) and Korea Exchange
(?KRX?), which is a mandatory disclosure under the KRX Listing rule 31-2. The details
of the migration of shares are set out as below:-


1. Details of share migration (As of 28 February 2008)
Daily number of shares migrated from SGX to KRX: 400,000
Daily number of shares migrated from KRX to SGX: Nil
Net number of shares migrated this month: 20,955,000 (After 25 February 2008)


2. Date of Confirmation: 29 February 2008


BY ORDER OF THE COMPANY
Lotus Isabella Lim Mei Hua
Company Secretary
Date: 29 February 2008

 

According to the dividend pay out, does anyone knows how much we get when we convert to Sing dollars? after doing all the tax rate and stuff

 

11. If a decision regarding dividend has been made:-
(a) Current Financial Period Reported On
Year ended 31 Dec 2007
Name of dividend Final
Dividend type Cash
Dividend rate US cent 4.9 per ordinary share before tax
Payout ratio 20.29%
Par value of shares Korean won 100
Tax rate*
* We will deduct Korean withholding tax from dividends paid to you at a rate of 27.5% (including resident
surtax). If you are a qualified resident in a country that has entered into a tax treaty with Korea, you may
qualify for a reduced rate of Korean withholding tax. Korea has entered into a number of income tax treaties
with other countries, including Singapore, which reduce or exempt Korean withholding tax on dividend
income. For example, under the Korea- Singapore income tax treaty, reduced rates of Korean withholding tax
rate on dividends of 15% or 10%, respectively (including resident surtax), depending on your shareholding
ratio, is available to residents of Singapore that are beneficial owners of the relevant dividend income. Also,
under the Korea-U.S income tax treaty, reduced rates of Korean withholding tax on dividends of 16.5% or
11.0%, respectively (including resident surtax), depending on your shareholding ratio.
Please note that all shareholders are required to submit the evidence of their tax residence in order to obtain a
reduced rate of Korean withholding tax.
(b) Corresponding Period of the Immediately Preceding Financial Year
Year ended 31 Dec 2006
Name of dividend Final
Dividend type Cash
Dividend rate US cent 2.3 per ordinary share before tax
Payout ratio 30.45%
Par value of shares Korean Won 100
Tax rate* The same rate as the current financial reported on
(c) Date payable
To be fixed later.
(d) Books closure date
Based on the announcement on 12 December 2007, the Share Transfer Books and Register of Shareholders
of the Company were closed on 31 December 2007.

 

GO !!! MAN..... GO ....!!!!

 

Korea STX Pan Ocean cheong some more.  

 

results releasing this friday

any advice?

 

If Korea STX Pan Ocean can close strong, this should cheong by closing or tmr.

 

Korea STX Pan Ocean search upwards on closing.

 

Hello idesa168, don't complain it is better this way.  Last minute 2.928 million shares buy up in KSE.

 

Chey! This kinda news also halt trading...pui. Give me panic for nothing!

 

Let's hope so lah!...hehehe!!! If not also bobian, already in the punt!

 

Hi ideasa168  -- dont panic la... trading resume 1645h....you lucky.

Look at the STX announcement in SGX website. Good news. 

 

 

No problem la... halt lifting at 1645 hr today.

 

Hi Idesa168, do not worry last minute in Korea massive buy up.  Must be good news.  Anyway there was a good news yesterday on price of iron ore that support dry bulk shipping strongly.

 

I intend to contra one....$30K+, now die liao!!! Must go sell backside liao!

 

Why Trading Halt? I just bought 10 lots @2.99...now panic liao, dun know good news or not!!!!

 

STX is so volatile in SG tracking more than 10 bids difference per day

 

STX Pan Ocean in Korea cheong again, heavy buying.  Watch your front