Dagang NeXchange Berhad ("DNeX"), through subsidiary company SEALNET Sdn Bhd ("SEALNET"), has entered into a collaboration agreement with Export-Import Bank of Malaysia Berhad ("EXIM Bank") to offer the bank's trade finance and insurance products and services online for the trade facilitation and logistics community.

Under the agreement, financial and insurance products and services provided by EXIM Bank will be integrated into the SEALNET portal, and is expected to go live by mid 2020. The agreement was signed in Kuala Lumpur recently and witnessed by Deputy Minister, Ministry of International Trade and Industry, Yang Berhormat Dr Ong Kian Meng.

At the signing, DNeX was represented by its Executive Director Dato' Patrick Wong and Dato' Haji Chik Omar Chik Lim, Chairman of SEALNET Sdn Bhd while EXIM Bank was represented by Chairman Dato' Feizal Mustapha and President/Chief Executive Officer Dato' Nazri Abdul Rahim.

The SEALNET portal is a Web-based digital platform for total cargo and trade management services that connects exporters and importers with all relevant parties, such as freight forwarders and customs, and enables the exchange of trade data digitally. Targeted at businesses in the trade facilitation and logistics sector, SEALNET converges supply chain and cross-border logistics processes to simplify cargo and trade management systems and approaches.