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[Alpha Biz=(Chicago) Reporter Kim Jisun] STX and STX Green Logies completed the spin-off and reorganized their business structure into a general trading division and a logistics and shipping division.
STX and STX Green Logistics announced on the 12th that trading will resume after being listed and re-listed on the stock market on the 15th, respectively.
Shareholders holding existing STX shares will split their stakes in STX·STX Green Logistics at a ratio of 76.74 to 23.26, respectively, due to the personnel split. The number of shares of STX, a surviving company to be listed this time, is 23,657,927 shares, and the number of shares of STX Green Logistics, a newly listed company, is 7,171,032 shares.
Shares of both companies will start at 36,250 won, the closing price on August 29. From 8:30 a.m. to 9 a.m., the standard price will be determined according to the sale and purchase price within the highest price (200% of 36,250 won) from the lowest price (50% of 36,250 won), and the upper and lower 30% price limit will be applied after the opening.
STX Green Logistics will complete the business roadmap such as entering the logistics business next year and strive to find growth engines to become the 'DHL’ of the shipping industry' as a global logistics and shipping company.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
