STX Plans IPOs for Cruise-Ship Builder, China Yard Amid Rebound

STX Group, the Korean shipbuilder that sold stock in an offshore-vessel unit last week, may hold initial public offerings for a Chinese yard and a cruise-ship maker as orders recover from the global recession.
“We want to be in the market when momentum is starting to build, not when the industry is at a peak,” Vice Chairman Lee Jong Chul said in an interview in Seoul. “That way, we can more easily show investors what improvements can be expected.”
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Source: Bloomberg