Rex International Divests Minority Stake in Crescent Marine Holding

MT Newswires

2024/11/27

Rex International (SGX:5WH) divested its 19.9% stake in Crescent Marine, held through its indirect wholly owned subsidiary, Rex International Holding, to Monarch Marine, according to a filing with the Singapore Exchange on Tuesday.

The share transfer was completed for a total consideration of approximately $1.1 million after Monarch Marine exercised a call option pursuant to CMH shareholders deed agreement.

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