STX PO

STX PO: the key focus continues to be on its financial settlement with creditors. Bloomberg reports that the Korean Devt Bank (KDB) will provide KRW 200b to STX PO for working capital to ease some of its cash problems. STX PO, which is under court receivership, is expected to submit to court later this year its revival plans, which could include capital reduction , debt-for-equity swaps and interest cuts. The counter is up 13.9% at $3.57 on the news