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Rex International’s diversification moves draw doubters

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Anita Gabriel

Anita Gabriel

Published Wed, Mar 22, 2023 · 05:50 AM
    • Rex is hopeful that Xer, which sold its first drone through a tender to the Swedish government, will sell more units this year.
    • Rex is hopeful that Xer, which sold its first drone through a tender to the Swedish government, will sell more units this year. PHOTO: REX INTERNATIONAL

    SINGAPORE Exchange Regulation (SGX Regco) appeared to have read the market’s mind – or misgivings – with its spot-on queries to Rex International Holding on its recent diversification moves.

    Although the mainboard-listed company responded to these queries in some detail, Rex is unlikely to erase market doubts quickly enough.

    Rex owns oil exploration and production assets in Norway and Oman. The company was listed on the junior Catalist board until March last year, when it ascended to SGX’s mainboard.

    rex internationalOil and gasSpotlight

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