Regional Express Holdings (ASX:REX) could return to trading on the Australian Securities Exchange and move its headquarters to Canberra under a revival bid by Renaissance Infrastructure, according to a Wednesday report by the Australian Financial Review, citing the investment firm.
The proposal submitted by Renaissance Infrastructure aims to repay the AU$130 million government support extended since Rex collapsed last year and convert unsecured creditor debts into equity, the report said.
Rex's administrators and the government have expressed concerns over the bid's complexity, the report added.
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