Korean shipper sets sail for Singapore

After China Cosco, another shipping company attempts an IPO. The difference? This stock offers a 20% dividend yield.
June 28, 2005

After the lacklustre response to China Cosco's IPO - which priced at the bottom of its range - it may seem counterintuitive for another shipping company to attempt to list only a few days later. And yet that is exactly what Korea's STX Pan Ocean is attempting.

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