Riding on rising oil prices, which has sent its market cap to above the $300 million threshold, Rex International Holding intends to upgrade its listing from the Catalist to the Mainboard "at the appropriate juncture".

In an announcement earlier this morning on Oct 19, the company said that a Mainboard listing will enhance long-term value for shareholders as the company will now have a larger investor base to reach out to, including institutional investors.

By doing so, it can possibily have greater access to equity and debt markets to fund growth.

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