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Kuala Lumpur, 20 May 2014 – TIME Engineering Berhad (“TEB”) today announced Dagang NeXchange Berhad as the new company name and brand identity in replacing TEB with effect from 19 May 2014.

The new name and brand encapsulates the company’s renewed business focus of providing end-to-end, comprehensive e-commerce services for Trade Facilitation, as well as leveraging on technology leadership, strong business platforms and business efficiency in its commitment to increase shareholders’ value.

The company had earlier received approval from its shareholders for a change in the company’s name at its Annual General Meeting held on 12 May 2014.