January 10, 2018

Rex International Holding said that arbitration between its wholly owned subsidiary, Rex Technology Management (RTM), and HiRex Petroleum Sdn Bhd has concluded – with RTM being awarded US$1.95 million as a result. The arbitration between the two parties began on Nov 24, 2016 when RTM sought payment of “not less than US$1.25 million plus interest and costs for services rendered to HiRex”. Share price closed at S$0.065