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The latest announcement is out from Rex International Holding Ltd. ( (SG:5WH) ).
Rex International Holding Limited has provided an update on the proposed acquisition of shares in Renewable Ventures Nordic AB (RVN) by Monarch Marine Holding Ltd, linked to the planned spin-off involving Xer Sweden. Under the arrangement, RVN will acquire Monarch’s 4,000,000 Xer Sweden shares, representing 40 per cent of Xer Sweden, on the same commercial terms as its purchase of the remaining 60 per cent stake held by Rex Technology Investments Pte. Ltd., with Monarch to receive 13,636,364 new RVN shares as consideration. The board and audit committee of Rex emphasised that the risks and rewards associated with the transaction are proportionate to the respective 60/40 equity holdings of Rex and Monarch in Xer Sweden, and stated that the spin-off terms are not prejudicial to the interests of the company or its minority shareholders, aiming to reassure investors about fairness and alignment in the restructuring.
The most recent analyst rating on (SG:5WH) stock is a Hold with a S$0.16 price target. To see the full list of analyst forecasts on Rex International Holding Ltd. stock, see the SG:5WH Stock Forecast page.
More about Rex International Holding Ltd.
Rex International Holding Limited is a Singapore-incorporated investment holding company with interests in energy-related businesses through its subsidiaries. The group actively manages stakes in various ventures and spin-offs, including technology and resource-focused entities in the Nordic region, as part of its broader portfolio strategy.
Average Trading Volume: 9,845,963
Technical Sentiment Signal: Sell
Current Market Cap: S$179.7M
Learn more about 5WH stock on TipRanks’ Stock Analysis page.