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/
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.
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.
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.
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.
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.