Rex Subsidiary Wins Approval to Defer Bond Interest and Ease Liquidity Covenants
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Rex International Holding Ltd. announced that its subsidiary, Lime Petroleum Holding, has received bondholders' approval to defer interest payments due in January 2026 and to temporarily suspend minimum liquidity covenants until March 31, 2026. This decision aims to alleviate short-term financial pressures and enhance liquidity and operational flexibility. The company's stock is currently rated as a Hold with a price target of S$0.14.
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