Rex International Holding Ltd. ( (SG:5WH) ) has shared an update.
Lime Petroleum Holding AS, a subsidiary of Rex International Holding, has successfully placed the final NOK 50 million of bonds through the tap mechanism in its existing Senior Secured Bond, bringing the total outstanding amount to NOK 1,750 million. The proceeds from this bond issue will be used for general corporate purposes, including development capital expenditures in the Norwegian Continental Shelf and working capital, potentially strengthening the company’s operational capabilities and market positioning.
More about Rex International Holding Ltd.
Rex International Holding Limited is a multinational oil exploration and production company listed on the Singapore Exchange Securities Trading Limited’s Mainboard. The Group holds interests in exploration and production licenses in Norway, Oman, and Benin, and operates assets in Oman and Benin. Rex utilizes its proprietary liquid hydrocarbon technology to de-risk its portfolio of exploration and development assets.
YTD Price Performance: 47.50%
Average Trading Volume: 20,528,439
Technical Sentiment Consensus Rating: Sell
Current Market Cap: S$230.5M
See more data about 5WH stock on TipRanks’ Stock Analysis page.