(Aug 19): Rex International’s recent share buyback is a curious case of resource allocation. On Aug 15, the oil exploration and production company bought 897,100 shares from the market at 6.4 cents apiece. This follows an earlier purchase of 1.4 million shares on Aug 13 at the same price. 

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.


  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply