Rex International Completes Reverse Takeover for Xer Tech Sweden Listing; Shares Jump 4%

MT Newswires

01/29

Rex International (SGX:5WH) completed the reverse takeover process intended for Xer Sweden's listing in Stockholm, according to a Wednesday filing with the Singapore Exchange.

Shares of the oil exploration firm were up nearly 4% in Thursday trading.

The Singaporean company's unit, Rex Technology Investments, transferred 6 million shares in Xer Sweden to Renewable Ventures Nordic (RVN) as part of the agreement.

The purchase price for the Xer Sweden shares amounts to about 90 million kronor, to be paid in the form of nearly 20.5 million shares in RVN, according to a disclosure in November 2025, when the deal was first announced.

With the completion, Rex International now owns 50.4% in RVN, the latest filing said.

Xer Sweden is expected to start trading on Spotlight Stock Market around Feb. 11 under the new ticker symbol, "XER."

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