Rex International Holding Ltd. (SG:5WH) has released an update.
Rex International Holding’s subsidiary Lime Petroleum Holding AS is organizing investor meetings through ABG Sundal Collier ASA to potentially raise up to $51 million via a tap issue on its existing bond. The capital raised is intended to fund general corporate activities, with a focus on development in the Norwegian Continental Shelf and providing working capital. This move highlights Rex’s proactive approach to financial management and growth in the oil exploration and production sector.
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