10 stories mentioning SGX:5WH
Every FINWIRES story that references SGX:5WH, newest first.
Rex International (SGX:5WH) on Tuesday confirmed the deconsolidation of Lime Petroleum Holding from the group.As announced on May 8, the move will be reflected in Rex's upcoming interim financial report as Lime was deconsolidated from its financials from April 10.The Singapore-listed oil exploration and production company also does not have any representation on the boards of Lime Petroleum and its subsidiaries.
Rex International (SGX:5WH) completed the issuance of nearly 1.9 million shares as part of the company's chief executive officer's remuneration package, according to a Tuesday filing with the Singapore Exchange.The new shares are expected to be listed and quoted on the main board on May 29, the oil and gas company said.
Rex International (SGX:5WH) secured in-principle approval from the Singapore Exchange for the listing and quotation of 1.9 million new ordinary shares, according to a Friday filing with the Singapore Exchange.Shares of the oil and gas exploration company were down over 1% in Monday trading.The shares are part of the company's chief executive officer's remuneration package.
Singapore shares closed in black on Monday, despite broader regional losses amid continued stalling talks between the US and Iran.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,956.53 and 4,999.93 throughout the day. It ended the session at 4,996.75, up 7.67 points or 0.2% compared to Friday's close.Iran's Foreign Ministry spokesperson confirmed that talks between the two countries are ongoing through Pakistan.In economic news, Singapore's non-oil domestic exports (NODX) jumped 24.5% year over year in April, extending the 15.3% increase in the previous month, according to data released by Enterprise Singapore.On the corporate front, shares of Nam Cheong (SGX:1MZ) closed nearly 6% lower even though the marine company's attributable profit to owners surged 159.5% during the first quarter of the year to 78.9 million ringgit from 30.4 million ringgit a year earlier.ST Engineering's (SGX:S63) shares were up over 4% as its revenue climbed 11% in the first quarter of the year to SG$3.26 billion from SG$2.92 billion a year earlier.Meanwhile, shares of Rex International (SGX:5WH) closed over 2% lower with the oil and gas firm conforming it will temporarily discontinue reporting of monthly production figures across its assets in the Middle East, Norway and Germany.
Rex International (SGX:5WH) will temporarily discontinue reporting of monthly production figures across its assets in the Middle East, Norway and Germany, according to a Monday filing with the Singapore Exchange.The oil and gas exploration firm will resume reporting once the outcome of the restructuring of its subsidiary, Lime Petroleum, has been finalized and the planned drilling in Oman has concluded.Shares of the company were down over 1% in Monday trading.
Rex International (SGX:5WH) signed an agreement with its chief executive officer, Per Lind, to allot and issue 1.9 million shares at SG$0.089 per share as part of his CEO remuneration package, according to a Tuesday filing with the Singapore Exchange.Shares of the oil and gas exploration company were up over 1% in Wednesday trading.The total value of the proposed issuance is SG$164,650.The issuance will allow the company to allocate cash to streamline its business objectives.
Rex International (SGX:5WH) named Mike Hopkinson as its new chief operating officer, according to a Wednesday filing with the Singapore Exchange.Shares of the oil and gas exploration company were down over 1% in Thursday trading.Hopkinson succeeds Svein Kjellesvik, who is retiring, the filing added.Hopkinson has been the general manager of the company's subsidiary, Masirah Oil, since 2023.
Rex International's (SGX:5WH) chairman, John d'Abo, will step down from the role, effective April 24, according to a Monday filing with the Singapore Exchange.d'Abo has stepped down from the role as part of the company's restructuring and streamlining of executive roles.
Singapore shares closed in the red zone on Friday, tracking larger regional losses, amid uncertainty over the timeline for the next round of U.S.-Iran diplomatic talks.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,987.85 and 5,016.20 throughout the day. It ended the session at 4,997.93, down 9.90 points or 0.2% compared to Thursday's close.Pakistan is continuing to push the peace talks, with the country's civil and military leadership visiting regional leadership to find a way forward to put an end to the Iran conflict.In economic news, Singapore's non-oil domestic exports jumped 15.3% year over year in March, following a 4% increase in the previous month, according to data released by Enterprise Singapore on Friday.On the corporate front, shares of Rex International (SGX:5WH) surged 28% at the close as its subsidiary, Lime Petroleum, will now look to satisfy its overdue cash call obligations through a new super senior bond issue.Ascent Bridge (SGX:AWG) zoomed over 18% as it completed the transfer of 30% of its shares in MTBL Cultural Centre to Nyonya Heritage.Meanwhile, MoneyMax Financial Services (SGX:5WJ) closed over 4% higher with the pawnbroker targeting to raise up to SG$44.3 million through the placement of 53 million shares at SG$0.835 each.
Rex International's (SGX:5WH) subsidiary, Lime Petroleum, will now look to satisfy its overdue cash call obligations through a new super senior bond issue, according to a Thursday filing with the Singapore Exchange.Shares of the oil and gas exploration company surged over 35% in Friday trading.The obligations are linked to licenses on the Norwegian Continental Shelf and will provide additional liquidity runway for the company to continue its operations.Proceeds from the issue will be used for business and operations and are part of Lime's ongoing restructuring process.