Rex International Granted In-Principle Approval for Listing of New Shares
MT Newswires
Mar 11
Rex International (SGX:5WH) was granted in-principle approval for the listing and quotation of new shares, according to a Wednesday filing with the Singapore Exchange.
The approval includes the allotment of 40.1 million shares at SG$0.143 each, placement of 13.2 million treasury shares at SG$0.0143 apiece and issuance of 53.3 million free detachable unlisted non-transferable warrants at SG$0.177 per share.
The new shares are required to be placed within seven market days from the date of the approval, the filing stated.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.