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Rex International unit awarded US$1.95m as HiRex arbitration ends

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Published Tue, Jan 9, 2018 · 09:50 PM

Singapore

CATALIST-listed oil explorer Rex International Holding on Tuesday said that arbitration between its wholly owned subsidiary, Rex Technology Management (RTM), and HiRex Petroleum Sdn Bhd has concluded - with RTM being awarded US$1.95 million as a result.

HiRex is a joint venture company between Rex International's subsidiary, Rex South East Asia, and Hibiscus Petroleum Berhad.

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