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The latest announcement is out from Rex International Holding Ltd. ( (SG:5WH) ).
Rex International Holding Ltd. has announced a strategic move involving its subsidiary, Xer Tech AB, through a reverse takeover by Renewable Ventures Nordic AB (RVN) with the aim of listing Xer Tech AB on the Sweden Spotlight Stock Market. This transaction involves the transfer of 6,000,000 shares in Xer Tech AB to RVN, valued at approximately SEK 90 million, and is expected to enhance the market positioning of Xer Tech AB by providing it with a public listing platform, potentially increasing its visibility and access to capital.
More about Rex International Holding Ltd.
Rex International Holding Ltd. is involved in the technology and energy sectors, with a focus on developing innovative solutions. Its subsidiary, Xer Technologies AG, specializes in creating durable, long-range multirotor drones, indicating a strong presence in the drone technology industry.
Average Trading Volume: 14,892,525
Technical Sentiment Signal: Buy
Current Market Cap: S$214.9M
For a thorough assessment of 5WH stock, go to TipRanks’ Stock Analysis page.