Rex International Granted In-Principle Approval for Listing of New Shares

MT Newswires

03/11

Rex International (SGX:5WH) was granted in-principle approval for the listing and quotation of new shares, according to a Wednesday filing with the Singapore Exchange.

The approval includes the allotment of 40.1 million shares at SG$0.143 each, placement of 13.2 million treasury shares at SG$0.0143 apiece and issuance of 53.3 million free detachable unlisted non-transferable warrants at SG$0.177 per share.

The new shares are required to be placed within seven market days from the date of the approval, the filing stated.

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