Cyberjaya, 22 January 2021 – Dagang NeXchange Berhad (“DNeX”) has entered into a conditional share sale and purchase agreement (“SSPA”) with the other shareholders of Ping Petroleum Limited (“Ping”) to acquire an additional 60 per cent of the issued share capital in Ping not owned by DNeX, for USD78.0 million (RM314.3 million). (Exchange rate USD1.00: RM4.03). Based on the SSPA, DNeX may nominate DNeX Energy Sdn Bhd (“DNeX Energy”), its wholly owned subsidiary, to be the transferee and registered holder of those shares.

Reference made to the above subject, where this is to inform that currently Vietnam Customs is facing technical issues whereby the system is unable to generate response messages [AS2/AS3/(RES REC/RES NOT)] to some ASEAN Member States (AMS) including Malaysia.

Following the recent announcement on the Movement Control Order (“MCO”) in several states including Selangor from 13 January 2021 to 26 January 2021, we would like to assure customers that services offered by Dagang NeXchange Berhad (“DNeX”) in particular the National Single Window (“NSW”) for Trade Facilitation will operate as usual throughout the MCO.