STX OSV

STX OSV:Total 325.6m shares offered at $0.79, offering is approx 4.2 times oversubscribed, amt raised S$295.8m. Investors who were allocated more than 5.0% of the offered shares were Leading Invt Securities and Morgan Stanley Invt Mgmt. Total number of ordinary shares of co at 1.18b S$295,848,680. Trailing P/E is at 4.5x, industry avg is 8.5x-9.5x and has strong institutional take up.