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Rex International Holding Ltd. ( (SG:5WH) ) has provided an announcement.
Rex International Holding Ltd.’s subsidiary, Jasmine Energy Limited, has successfully raised US$25 million through a bond issue to fund a drilling campaign in the Yumna Field, Oman. This initiative aims to increase oil flow rates and extend the field’s lifetime, reflecting Rex’s commitment to long-term value creation for stakeholders.
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 Ltd. operates in the oil and gas industry, focusing on exploration and production activities. The company is involved in increasing oil reserves and production, particularly in the Yumna Field located in Block 50, Oman.
Average Trading Volume: 9,992,228
Technical Sentiment Signal: Sell
Current Market Cap: S$196.7M
For an in-depth examination of 5WH stock, go to TipRanks’ Overview page.