STX Group set to raise US$2 bln with IPOs

SEOUL, May 26 (Yonhap) -- South Korea's STX Group said Tuesday it plans to raise
2.5 trillion won (US$2 billion) with the initial public offerings of its four
unlisted subsidiaries both at home and abroad.

The group said it plans to list the shares of its two subsidiaries -- STX Heavy
Industries Co. and STX Energy Co.-- on the Seoul bourse next year and two
overseas units -- STX Dalian and STX Europe -- on overseas stock exchanges in the
second half of next year.
ksnam@yna.co.kr
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