Bloomberg News

Singapore Exchange Checks STX Pan Ocean Stock as Data Show Fall

October 03, 2011

Oct. 4 (Bloomberg) -- Singapore Exchange Ltd. said it was checking on STX Pan Ocean Co. shares after data showed a 90 percent decline for South Korea’s largest commodities-shipping company.

Carolyn Lim, an exchange spokeswoman, declined to elaborate on what steps the bourse was taking in a phone interview today. Seoul-based STX Pan Ocean is also checking with the exchange, it said by e-mail.

A combined 10,000 shares were sold in two trades at 90 Singaporean cents apiece at 8:58 a.m., according to data on the Bloomberg terminal. About an hour later, 1,000 shares sold at S$8.50, it said. The stock remained at that price, down 0.9 percent from yesterday, as of 10:52 a.m.

In Seoul trading, STX Pan Ocean fell as much as 8.1 percent to 7,030 won.

--Editors: Neil Denslow, Richard Frost

To contact the reporter on this story: Kyunghee Park in Singapore at kpark3@bloomberg.net; Jonathan Burgos in Singapore at jburgos4@bloomberg.net

To contact the editor responsible for this story: Neil Denslow at ndenslow@bloomberg.net


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