STX OSV

STX OSV: Parent STX Corp and sister companies STX Pan Ocean, STX Offshore & Shipbuilding tumbled by as much as 15% in Seoul but no reason were cited. There are unconfirmed rumours that STX group could be facing solvency issues and is being investigated for irregular trading activities, all of which cannot be verified. At the same time, there is renewed market talk that STX could be seeking buyers for its 50.8% stake in STX OSV.