The shipping company will change from a primary listing to a secondary listing this Friday.
STX PO, which is also listed in Seoul, did not explain the reasons for the listing status change.
STX PO had posted a huge 2012 full year net loss of $418.29m due to low freight rates and high bunker fuel prices. It also recorded a deficit of $18.67m in 2011.
The company's Singapore shares traded down 10% to SGD5.20 ($4.20) per lot at the close of Monday.
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited.
Add Seatrade Maritime News to your Google News feed.
