DNeX’s unit to acquire remaining interest in Avalon Oilfield for RM71.72 mln
KUALA LUMPUR: Dagang Nexchange Bhd (DNeX) will acquire the remaining 50 per cent interest in the development of Avalon Oilfield not owned by PING Petroleum UK Ltd (PING UK) for $17.0 million (RM71.72 million) in total. PING UK is a wholly owned subsidiary of PING Petroleum Ltd (PING), which in turn is a 90 per […]
DNeX’s SilTerra inks $400 mln supply agreement with China’s ChipOne Technology
KUALA LUMPUR: Dagang NeXchange Bhd (DNeX)’s subsidiary, SilTerra Malaysia Sdn Bhd, has entered into a wafer supply and purchase agreement with ChipOne Technology (Beijing) Co Ltd worth $400 million ($1=RM4.22). In a statement today, DNeX said under the multi-year agreement, SilTerra would supply wafers used in the production of semiconductor devices to ChipOne Technology, China’s […]
DNeX completes SilTerra acquisition, eyes global semiconductor market
KUALA LUMPUR: Dagang NeXchange Bhd (DNeX) has completed the acquisition of a 60 per cent stake in SilTerra Malaysia Sdn Bhd from Khazanah Nasional Bhd, making DNeX the majority shareholder of SilTerra. Group managing director of DNeX Tan Sri Syed Zainal Abidin Syed Mohamed Tahir said the group is confident in its ability to transform […]
DNeX takes additional 60 pct stake in Ping Petroleum for $78 mln
KUALA LUMPUR: Dagang NeXchange Bhd’s (DNeX) wholly-owned subsidiary, DNeX Energy Sdn Bhd has acquired an additional 60 per cent stake in Ping Petroleum Ltd valued at $78.0 million ($1=RM4.15), expanding its holdings to 90 per cent. Ping is an upstream oil and gas (O&G) company with a balanced portfolio of producing and developing O&G assets […]
DNeX gets shareholders’ approval to buy 60 pct stake in SilTerra
KUALA LUMPUR: Shareholders of Dagang NeXchange Bhd (DNeX) have approved the acquisition of a 60 per cent stake in SilTerra Malaysia Sdn Bhd for a cash consideration of RM163.8 million. In a filing with Bursa Malaysia, DNeX, an information technology services provider, said it has teamed up with Beijing Integrated Circuit Advanced Manufacturing and High-End […]
DNeX announces appointments of two new directors
KUALA LUMPUR: Dagang NeXchange Bhd (DNeX) has appointed Dr Chen Wei-Ming and Datuk Robert Fisher to its board of directors, effective today (June 22). In a statement today, the information technology services provider said Chen will serve as a non-independent non-executive director while Fisher will serve as an independent non-executive director. Chen, 57, a Taiwanese, […]
Foxconn emerges as new substantial shareholder of DNeX
KUALA LUMPUR: Hon Hai Precision Industry Co Ltd’s subsidiary Foxconn Singapore Pte Ltd has emerged as a substantial shareholder of Dagang NeXchange Bhd (DNeX) with a 5.03 per cent stake. The Cyberjaya-headquartered technology firm said it had received an official notification from Foxconn on June 13, 2021, that the latter had acquired 120 million shares […]
DNeX emerges as most active stock on acquisition plan
KUALA LUMPUR: Dagang NeXchange Bhd (DNeX) emerged as the most active traded stock on Bursa Malaysia in the early session today after announcing its latest acquisition plan last week. As at 9.45 am, the counter rose 15 sen to 27.5 sen, with 78.70 million shares changing hands. On Friday, DNeX announced that it had entered […]
DNeX to buy additional 60 pct stake in Ping
KUALA LUMPUR: Dagang NeXchange Bhd (DNeX) has entered into a conditional share sale and purchase agreement (SSPA) with the other shareholders of Ping Petroleum Ltd to acquire an additional 60 per cent of the issued share capital in Ping not owned by DNeX, for $78 million (RM314.3 million). Based on the SSPA, DNeX may nominate […]
DNeX, MARii to develop information system for used vehicles
KUALA LUMPUR: Dagang NeXchange Bhd’s (DNeX) wholly-owned subsidiary, Dagang Net Technologies Sdn Bhd has signed a strategic collaboration agreement with the Malaysia Automotive Robotics and IoT Institute (MARii) to jointly develop and operate a web-based information system for used vehicles. In a statement, DNeX said the Used Automotive Information System (Sistem Maklumat Automotif Terpakai — […]