Rex soars 18.7% after deal completion for 2 Norwegian Sea drilling licences
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SHARES of Rex International soared after the company announced that its subsidiary has completed a farm-in deal for a 15 per cent stake in two Norwegian Sea drilling licences.
The oilfield services firm's shares jumped to an intra-day high of 18.7 Singapore cents before closing at 18.4 cents on Monday, up 2.9 cents or18.7 per cent.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
