STX plans $2bn worth of IPOs

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Seoul: 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 has successfully expanded in the past via well timed IPOs and now covers just about every link in the shipping supply chain.  
In other fund raising news, Indonesia’s Berlian Laju, a tanker operator, announced plans Monday for a bond issue.  [27/05/09]