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Rex International Holding Ltd. ( (SG:5WH) ) has provided an update.
Rex International’s subsidiary Lime Petroleum Holding AS has asked bondholders of its 2027 and 2028 bonds to approve a deferment of interest payments due in January 2026 to no later than 31 March 2026, and to temporarily waive minimum liquidity covenants over the same period. The move follows unexpected delays in production income and higher drilling costs stemming from operational and logistical challenges at the Sèmè field offshore Benin, which have strained Lime Petroleum’s short-term cash flow and liquidity, with bondholders given until 23 January 2026 to vote on the proposals and any related resolutions.
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 oil and gas exploration and production company, operating through subsidiaries such as Lime Petroleum Holding AS. The Group focuses on offshore oil assets, including the Sèmè field offshore Benin, and derives income from oil production and related drilling operations.
Average Trading Volume: 9,845,963
Technical Sentiment Signal: Sell
Current Market Cap: S$179.7M
See more insights into 5WH stock on TipRanks’ Stock Analysis page.