Appleby advises Rex International on listing on Singapore Exchange Securities Trading Ltd
Appleby has acted as British Virgin Islands counsel for Rex International Holding Ltd on its listing on the Catalist on the Singapore Exchange Securities Trading Ltd, with net proceeds estimated to be approximately $63m (assuming the over-allotment option is exercised in full).
The majority of the proceeds from the offering will be used for the investment of new oils and gas opportunities, drilling in Middle East concessions, drilling in Norwegian licences and general working capital.
According to Shares Investment, the market cap prior to the over-allotment option is approximately $385m, making it one of the top five Catalist companies in terms of market cap.
The Appleby team was led by Jeffrey Kirk, corporate and commercial partner of Appleby, and assisted by counsel Tan Li-Lee and associate Vincent Chan.
WongPartnership LLP advised the company as to Singapore law.
News from Appleby
News from The Lawyer
Briefings from Appleby
Bermuda’s legal framework facilitates the creation of flexible and economically viable co-investment vehicles within a stable and business-friendly jurisdiction.
Feltham v Bouskell provides a cautionary tale for lawyers regarding the need to act quickly upon the receipt of instructions from elderly or ill clients.
Analysis from The Lawyer
The past quarter has been busy for the offshore sector as firms have looked to capitalise on globalisation, while workflow has remained high
Business is booming in the Isle of Man, a small jurisdiction that thinks big