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PROPOSED ISSUANCE OF 1,850,000 NEW ORDINARY SHARES AS PART OF CHIEF EXECUTIVE OFFICER&rsquo S REMUNERATION PACKAGE
https://links.sgx.com/1.0.0/corporate-announcements/LR7JFIZX3H5HFC69/888520_20260512_RIH_Annct_ProposedIssuanceSharesCEO_Final.pdf
89 eat full? Oil 107 now
Oil moving up let see more good news come and BB will pump up 150
piscesmonkey ( Date: 12-May-2026 11:01) Posted:
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Let see bb going push up soon? Wait for the 5m buy up😁
Beware
deconsol means they will not recognize Lime assets.
so sales will be about usd50m only
' a big re-set for Rex
deconsol means they will not recognize Lime assets.
so sales will be about usd50m only
' a big re-set for Rex
Bought some more at 89
piscesmonkey ( Date: 11-May-2026 10:46) Posted:
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See Q1 got any business update. Sure profits liao?
piscesmonkey ( Date: 11-May-2026 09:33) Posted:
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This is good news. Price should recover soon back to 150?
https://www.minichart.com.sg/2026/05/08/rex-international-announces-deconsolidation-of-lime-petroleum-group-from-financial-statements-following-board-restructuring/
https://www.minichart.com.sg/2026/05/08/rex-international-announces-deconsolidation-of-lime-petroleum-group-from-financial-statements-following-board-restructuring/
Rex International Announces Deconsolidation of Lime Petroleum Holding Group Financials Amid Board Restructuring
Key Highlights
- Board Control Change: Rex International Holding Limited (&ldquo Rex&rdquo ) has announced a significant change in the board composition of Lime Petroleum Holding AS (&ldquo LPH&rdquo ) and Lime Petroleum AS (&ldquo LPA&rdquo ). The majority of directors on the new boards are now independent third parties, and Rex no longer holds any director representation on the boards of LPH and LPA.
- Ownership Unchanged: Despite the board changes, Rex&rsquo s effective ownership of LPH remains unchanged at 89.74%. This means Rex still indirectly owns the vast majority of LPH shares.
- Deconsolidation Decision: Due to the loss of board control, Rex will deconsolidate the financial statements of the LPH Group from its own group financials, in accordance with Singapore Financial Reporting Standards (International) SFRS(I) 10. This decision was made following the recommendation of Rex&rsquo s Audit Committee and is effective from 10 April 2026.
- Financial Impact: The deconsolidation will be reflected in Rex&rsquo s half-yearly results for the six months ending 30 June 2026. Pro forma financial effects have been illustrated based on the audited figures for the year ended 31 December 2025 (FY2025).
Detailed Financial Implications
The deconsolidation of the LPH Group from Rex&rsquo s financials has notable impacts:
- Loss for the Year: Rex&rsquo s consolidated loss for FY2025 decreases dramatically from US\$152.7 million to US\$22.96 million.
- Loss Per Share: Loss per share narrows from 10.23 US cents to 0.27 US cents.
- Net Asset Value (NAV): NAV shifts from negative US\$94.43 million to positive US\$38.18 million.
- NAV Per Share: NAV per share improves from negative 7.25 US cents to positive 2.93 US cents.
These figures are for illustration only, based on the assumptions that the reclassification was effective from 1 January 2025 for profit and loss effects, and from 31 December 2025 for NAV effects. Actual impacts may differ once formally reported.
Investor and Shareholder Considerations
- Price Sensitivity: The deconsolidation results in substantially improved financial metrics for Rex, including lower loss and positive NAV, which could be viewed favorably by investors and potentially impact share price.
- Governance and Control: The loss of board representation in LPH and LPA means Rex no longer exercises control over LPH Group, which marks a significant shift in the company&rsquo s relationship with its major asset. This may raise questions about future strategy and influence over LPH operations.
- No Change in Ownership: Rex&rsquo s indirect stake remains substantial however, the loss of control means Rex will account for LPH as an investment rather than a subsidiary, affecting future financial disclosures and possibly the perception of Rex&rsquo s asset base.
- Reporting Changes: Investors should expect different accounting treatment for LPH going forward, which may affect Rex&rsquo s reported earnings and balance sheet strength.
Timeline and Next Steps
The deconsolidation is effective from 10 April 2026 and will be formally reflected in the half-yearly results for the period ending 30 June 2026. Shareholders are advised to monitor future announcements and financial reports for further details on the impact and management commentary.
Conclusion
This restructuring and deconsolidation are significant, both in terms of governance and financial reporting. The improved headline financials could be a catalyst for share price movement, though the loss of control over LPH introduces new considerations for long-term investors.
Chansenghoe1971 ( Date: 08-May-2026 19:02) Posted:
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Seems good. Now positive nav and losses significantly lower,
' a master stroke of financial re engineering.
' a master stroke of financial re engineering.
JurongW ( Date: 08-May-2026 18:52) Posted:
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UPDATE ON LIME PETROLEUM HOLDING &ndash CHANGE IN BOARD CONTROL AND DECONSOLIDATION OF LPH GROUP FINANCIALS
https://links.sgx.com/1.0.0/corporate-announcements/0Y3XO3HFIQPG31YF/888138_20260508_RIH_Announcement_UpdateLPHDeconso_Final.pdf
Start chiong already. Huat ah
wehuattogether88 ( Date: 30-Apr-2026 12:16) Posted:
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War deadline to end 1may. 60days
BBs might try to push up Rex up at some point.
Just my thoughts
Just my thoughts
high oil price isnt gonna save this company anymore.. they dragged RH with them also.. if not RH should be trading above 30 cents now
Their company motto is - Change The Game. 
piscesmonkey ( Date: 28-Apr-2026 17:57) Posted:
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What' s the bad news?
piscesmonkey ( Date: 28-Apr-2026 17:57) Posted:
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After good news then bad news come😅