Rex International’s diversification moves draw doubters
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.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
South Korea’s probe alleges 211.2 billion won of illegal short trades
RBNZ has limited scope to cut cash rate this year: OECD
Crypto.com wants to sponsor more sports after Formula One Miami
Philippine central bank tightens dirty money risk reporting rule
It is time to put idle cash back into the market
Singapore Savings Bond 10-year average yield hits year-to-date high of 3.33%