As at Dec 30, Xer has a total issued and paid-up share capital of $1.42 million comprising 83,333 ordinary shares.
Rex Technology Investments, the wholly-owned subsidiary of SGX-listed Rex International, has entered into a conditional subscription agreement on Dec 30 with Xer Technologies to subscribe for 23,809 new shares in Xer at a consideration of US$1 million ($1.35 million).
The new acquisition will bring Rex Technology’s shareholding interest in Xer to 53% from 40%, making Xer a subsidiary of the company.
