Kuala Lumpur, 4 August 2016 – Dagang NeXchange Berhad (“DNeX”) announced that its rights issue exercise in which the Group raised RM97.7 million has been completed. The acquisition of OGPC Sdn Bhd and OGPC O&G Sdn Bhd, collectively known as OGPC Group, is also completed with the issuance of new shares to the OGPC Group vendors.
An additional 925,646,809 new DNeX shares and 695,396,809 DNeX warrants were listed on Bursa Malaysia Securities Berhad yesterday. The new DNeX shares listed comprised of 465,146,809 Rights shares, 98,000,000 Special Issue shares and 362,500,000 Consideration shares as payment to the OGPC Group Vendors.
The warrants are trading under the stock short name DNEX-WD and stock code number 4456WD.
Group Managing Director of DNeX, Encik Zainal Abidin Jalil said, “We are extremely pleased that our fund raising exercise and the acquisition of the OGPC Group, a key component in our diversification into the Energy sector, is finally completed. Moving forward, we shall build on this solid foundation to expand our position in our two core areas, the IT and e-services, and Energy sectors. We look ahead in strong anticipation of the opportunities that lie ahead of us.”
The remaining 32,000,000 Special Issue shares together with the corresponding 16,000,000 warrants will be listed at a later date.