DNEX

0.350

+0.005 (+1.4%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS DAGANG NeXCHANGE BERHAD ("DNeX" OR THE "COMPANY") PROPOSED ACQUISITION BY DNeX OF 60% OF THE ISSUED SHARE CAPITAL IN PING PETROLEUM LIMITED ("PING") FOR A PURCHASE CONSIDERATION OF USD78,000,000 TO BE SATISFIED VIA A COMBINATION OF CASH, ISSUANCE OF NEW ORDINARY SHARES IN DNeX, AND ISSUANCE OF REDEEMABLE PREFERENCE SHARES IN DNeX ENERGY SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF DNeX ("PROPOSED ACQUISITION")

DAGANG NEXCHANGE BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
DAGANG NeXCHANGE BERHAD ("DNeX" OR THE "COMPANY")

PROPOSED ACQUISITION BY DNeX OF 60% OF THE ISSUED SHARE CAPITAL IN PING PETROLEUM LIMITED ("PING") FOR A PURCHASE CONSIDERATION OF USD78,000,000 TO BE SATISFIED VIA A COMBINATION OF CASH, ISSUANCE OF NEW ORDINARY SHARES IN DNeX, AND ISSUANCE OF REDEEMABLE PREFERENCE SHARES IN DNeX ENERGY SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF DNeX ("PROPOSED ACQUISITION")

The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcement in relation to the Proposed Acquisition.

We refer to the earlier announcement dated 22 January 2021 in relation to the Proposed Acquisition.

On behalf of the Board, UOBKH wishes to announce that the listing application in relation to the Proposed Acquisition has been submitted to Bursa Malaysia Securities Berhad on 3 May 2021.

 

This announcement is dated 3 May 2021.






Announcement Info

Company Name DAGANG NEXCHANGE BERHAD
Stock Name DNEX
Date Announced 03 May 2021
Category General Announcement for PLC
Reference Number GA1-03052021-00117