Rex International Holding Limited: Key Corporate Actions and Investments (July – December 2025)

Rex International Holding Limited has announced several significant corporate actions and transactions for the period from July to December 2025. These developments, including acquisitions, share swaps, and restructuring of subsidiaries, have implications for shareholders and may influence the company’s share value. Below is a detailed analysis of the key points and their potential impact.

1. Acquisition of Xer Tech AB (Xer Sweden)

• On 8 September 2025, Rex Technology Investments Pte. Ltd. acquired 100% of a shelf company in Sweden, now named Xer Tech AB (“Xer Sweden”).
• The acquisition was made for SEK500,000 (approximately US\$53,367), fully paid-in and untouched capital. The payment was made in cash using internal resources.
• An additional fee of SEK116,930 (approximately US\$12,600) was incurred for company registration services in Sweden.
• As of the acquisition date, Xer Sweden had no assets other than the paid-up capital, and no liabilities.
• Shareholders should note that this acquisition was primarily for restructuring purposes and does not immediately introduce new revenue-generating assets to the Group.

2. Share Swap Agreement: Lime Petroleum Holding AS (LPH)

• On 25 September 2025, Rex’s subsidiaries Rex International Investments Pte. Ltd. (RII) and Rex Technology Investments Pte Ltd (RTI) entered into a share swap agreement with Monarch Marine Holding Ltd (MMH).
• Under the agreement, RII acquired 9.6% of LPH shares from MMH in exchange for RTI transferring 40% of Xer Sweden shares to MMH or its nominee.
• The transaction was concluded after arm’s length negotiations, with the intention to give Rex International greater control and flexibility over LPH’s activities in Norway, Germany, Benin, and Africa.
• This is strategically significant as more banks are retreating from financing fossil fuel companies, making internal control and structuring of future financing increasingly important.
• As of 1 October 2025, RII’s shareholding in LPH increased from 80.14% to 89.74%.
• The unaudited net asset value of the 9.6% LPH shares acquired was US\$10,559,122 as at 30 June 2025.
• Shareholders should be aware that increased control over LPH may enhance the Group’s ability to expand and develop upstream projects, potentially impacting future earnings and share value.

3. Xer Sweden Share Transfer

• Pursuant to the share swap agreement, 4,000,000 shares in Xer Sweden were transferred to MMH on 30 December 2025 as consideration for LPH shares.
• The net liabilities value of Xer Technologies Pte. Ltd. (Xer SG), which previously held 100% of Xer Technologies AG (Xer AG), was US\$1.96 million as at 30 June 2025. Thus, 40% of Xer SG’s net liabilities value was US\$0.79 million.
• This restructuring aimed to replace Xer SG as the holding company of Xer AG with Xer Sweden, optimizing the Group’s corporate structure.
• Shareholders should note that this does not immediately add operational assets but may create future opportunities for restructuring and efficiency gains.

4. Acquisition of Jasmine Energy Ltd. (JEL)

• On 18 July 2025, Rex International Holding Limited (BVI) acquired 100% of Jasmine Energy Ltd., a newly registered company in the Cayman Islands.
• The acquisition consideration was US\$1 (paid-up capital), satisfied in cash from internal resources.
• As of acquisition, the unaudited net asset value of JEL was US\$1.
• JEL was incorporated by a service provider and does not currently hold any operational assets. Its purpose is likely for future corporate structuring or investments.
• Shareholders should monitor for further developments regarding Jasmine Energy Ltd., as its future role within Rex International could impact the Group’s expansion or investments.

Potential Share Price Impact & Shareholder Considerations

• The increase in ownership of Lime Petroleum Holding AS is a significant development, giving Rex greater control over exploration and production activities in multiple regions, which could potentially enhance future revenues.
• The ongoing restructuring of holding entities (Xer Sweden replacing Xer SG) demonstrates Rex’s focus on optimizing its corporate structure, which may lead to operational efficiencies or improved access to capital.
• The creation of Jasmine Energy Ltd. signals possible future expansion or new ventures, although the immediate financial impact is minimal.
• Shareholders should be aware that increased exposure to fossil fuel exploration and production comes with both growth potential and financing risks, given the global trend of banks withdrawing support for fossil fuel projects.

Disclaimer

The information provided in this article is based on public disclosures by Rex International Holding Limited and is intended for informational purposes only. Investors are advised to conduct their own due diligence and consult with financial advisors before making any investment decisions. The article does not constitute investment advice, and past performance is not indicative of future results.

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