Rex International Holding launches IPO on Catalist

Rex International Holding Ltd.

 Rex International Holding launches IPO on Catalist 

Rex International Holding Ltd., an oil exploration company, has launched its initial public offering (IPO) with a public offer of 2.5 million shares at S$0.50 each today. Including over-allotment, Rex International Holding is expected to place out 168 million shares at S$0.50 each, in conjunction with its proposed listing on the Catalist Board of the Singapore Exchange Securities Trading Limited (SGX-ST). Assuming the over-allotment option being fully exercised, Rex International Holding aims to raise up to S$85.25 million.

PrimePartners Corporate Finance Pte. Ltd. (PPCF) is the IPO manager, sponsor, and co-placement agent. UOB Kay Hian Private Ltd. has been appointed as the IPO’s co-placement agent, underwriter and stabilizing manager, while DBS Vickers Securities (Singapore) Pte. Ltd. is a co-placement agent.

“This is the first Catalist company to date with an international placement exercise, an over-allotment option and a public offer,” said Mark Liew, managing director of corporate finance for PPCF.

Rex International Holding is an independent exploration and production (E&P) company with access to a set of proprietary oil exploration technologies, Rex Technologies. This includes Rex Virtual Drilling technology, which the company claims to be the world’s first tool to visualize hydrocarbons in the sub-surface. This technology allows the company to locate oil reservoirs through advanced data analysis of conventional seismic data. 

 

 

 

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