TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS DAGANG NeXCHANGE BERHAD ("DNeX" OR THE "COMPANY") SALE AND PURCHASE AGREEMENT ENTERED BY PING PETROLEUM UK LIMITED, AN INDIRECT SUBSIDIARY OF THE COMPANY TO ACQUIRE THE REMAINING 50% INTEREST IN THE DEVELOPMENT OF AVALON OILFIELD FOR A TOTAL PURCHASE CONSIDERATION OF USD17.0 MILLION
| DAGANG NEXCHANGE BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | DAGANG NeXCHANGE BERHAD ("DNeX" OR THE "COMPANY")
SALE AND PURCHASE AGREEMENT ENTERED BY PING PETROLEUM UK LIMITED, AN INDIRECT SUBSIDIARY OF THE COMPANY TO ACQUIRE THE REMAINING 50% INTEREST IN THE DEVELOPMENT OF AVALON OILFIELD FOR A TOTAL PURCHASE CONSIDERATION OF USD17.0 MILLION |
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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 9 August 2021 in relation to the Proposed Acquisition.
The Board of Directors of the Company wishes to announce that the Proposed Acquisition has been completed on 23 September 2021 in accordance with the terms and conditions of the Agreement.
This announcement is dated 23 September 2021.
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Announcement Info
| Company Name | DAGANG NEXCHANGE BERHAD |
| Stock Name | DNEX |
| Date Announced | 23 Sep 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-17092021-00024 |