Rex International Holding Ltd. (SG:5WH) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Rex International Holding Ltd. has reached a confidential settlement agreement with Petroci Holding, conclusively resolving a legal dispute without admitting liability. The settlement will see a transfer of MOL shares to Petroci, altering the shareholding composition, with Petroci’s stake rising to 12.5% and Rex Oman’s decreasing to 81.14%. This adjustment is part of a broader resolution involving the termination of ongoing judicial proceedings in the British Virgin Islands.
For further insights into SG:5WH stock, check out TipRanks’ Stock Analysis page.