Rex International Holding Ltd SGX:5WH:
LIME PETROLEUM AS ENTERED INTO AGREEMENTS FOR A NEW SUPER SENIOR BOND ISSUE
NEW BOND ISSUE INTENDED TO ENABLE LPA TO SATISFY OVERDUE CASH CALL OBLIGATIONS
JOHN D'ABO, EXECUTIVE CHAIRMAN OF REX, STEPPED DOWN AS CHAIRMAN OF UNIT'S BOARD
PROCEEDS OF NEW BOND ISSUE WILL BE HELD IN ESCROW WITH NORDIC TRUSTEE
NEW LPH BOARD CONSISTS OF KRISTEN JAKOBSEN AS CHAIR