Market Chatter: Regional Express Revival Bid Seeks to Keep Airline on ASX, Shift Headquarters

MT Newswires Live

06/12

Regional Express Holdings (ASX:REX) could return to trading on the Australian Securities Exchange and move its headquarters to Canberra under a revival bid by Renaissance Infrastructure, according to a Wednesday report by the Australian Financial Review, citing the investment firm.

The proposal submitted by Renaissance Infrastructure aims to repay the AU$130 million government support extended since Rex collapsed last year and convert unsecured creditor debts into equity, the report said.

Rex's administrators and the government have expressed concerns over the bid's complexity, the report added.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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