STX Europe Considers OSV Listing Singapore
STX Europe has announced it is considering the Listing of its offshore and specialised vessels division (OSV) on the Main Board of the Singapore Exchange Securities Trading Limited (SGX-ST). Prior to the Listing, STX Europe AS will transfer ownership in the entities forming part of OSV to a wholly-owned Singapore subsidiary: STX OSV Holdings Pte. Ltd. (to be renamed STX OSV Holdings Limited (STX OSV)).
STX OSV has received an ‘Eligibility to List’ letter from the SGX-ST for the Listing. STX Europe states further announcements will be released if and when there are any material developments in relation to the potential listing.