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Rex shares actively traded on drone technology investment

Singapore

SHARES of Rex International were actively traded on Tuesday after the group said it would invest up to US$4 million in commercial drone company Xer Technologies.

As at 9.02am, the counter gained one Singapore cent or 5 per cent to hit its intraday peak of 21 Singapore cents amid heavy trading, with some 9.1 million shares changing hands.

As at 10.08am, the counter has seen 16 million shares worth S$3.2 million traded.

There were no married deals recorded, according to Shareinvestor data.

The...

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