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Malaysia’s Rex Industry, Toyota Capital raise capital through private placement, sukuk

25 Jun 2015

Rex Industry Bhd has proposed to implement a private placement of up to 10 per cent of its issued and paid-up share capital to raise approximately MYR7.85 million to repay its debts and for working capital. Read more at: https://www.dealstreetasia.com/stories/malaysias-rex-industry-toyota-capital-raise-capital-through-private-placement-sukuk-8335/

Deal Street Asia

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Meek response to takeover offer puts Rex in the spotlight

25 Mar 2017

The meek response to an offer from the major shareholder of Rex Industries Bhd to mop p the rest of the shares is a firm indication that the market feels the value of the company is much higher than what is on the table.

Pressreader

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Group MD fails to take over Rex Industry

21 Mar 2017

KUALA LUMPUR: Group managing director Darmendran a/l Kunaretnam’s plan to take over canned food and drink manufacturer Rex Industry Bhd has fallen through as his RM1.65-per-share offer attracted only 5,525 shares, or 0.01% of the issued share capital.

The Star

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Rex MD makes takeover bid

08 Feb 2017

PETALING JAYA: Rex Industry Bhd’s substantial shareholder and managing director Darmendran Kunaretnam is making an offer to buy out the remaining shares he does not own in the company at RM1.65 apiece.

The Star

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Daiman offers RM1.65 a share for rest of Rex

08 Feb 2017

PETALING JAYA: Daiman Taipan Sdn Bhd has launched a takeover bid for the remaining 66.28% stake it does not own in Rex Industry Bhd at RM1.65 per share, after its shareholding triggered the 33% mandatory general offer threshold.

theSundaily

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Rex Industry gets takeover offer at RM1.65 a share from MD

07 Feb 2017

KUALA LUMPUR: Penang-based Rex Industry Bhd, a major foods & beverages manufacturer, has received a conditional mandatory takeover offer from its major shareholder Daiman Taipan Sdn Bhd and its managing director Darmendran Kunaretnam.

The Star

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Sharing the cost of feeding needy

08 Dec 2015

LOVE is what you need to run a charity home, but that’s not all, as the residents have to eat as well. “It costs RM15 to feed a person every day,” said Sathya Sai Baba Central Council of Malaysia president Mahendran Arumugam.

The Star

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Rex Industry to tap into West Asian market in 2016

04 Dec 2015

SUBANG JAYA: Rex Industry Bhd, a manufacturer and exporter of canned food, plans to invest millions of ringgit to penetrate the West Asian market in the first quarter of next year. “At the last board meeting, the board has approved the setting up of Rex Gulf, the group’s international office, which will focus on West Asian and African nations,” said group managing director, Darmendran Kunaretnam.

The Star

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Shareholder changes at Rex Industry stir interest

18 Nov 2014

CHANGES IN shareholders’ interest coupled with the climb in share price of Rex Industry Bhd have prompted market observers to ask what could possibly be brewing at the little known canned food manufacturer.

The Edge Markets

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