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STX Pan Ocean outlines domestic IPO

STX Pan Ocean outlines domestic IPO

Seoul: Singapore-listed STX Pan Ocean Co will spend most of the funds raised in its Korean initial public offering to buy new vessels, the company said Wednesday.
The firm plans to buy 33 ships worth KRW428.3 billion between 2007 and 2008, the company said in a regulatory filing in Seoul. [12/9/07]

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