In a filing with Bursa Malaysia yesterday, DNex said it has entered into a heads of agreement (HoA) with Ping to acquire the remaining shares it does not own.
PETALING JAYA: Dagang Nexchange Bhd
(DNex) is making its way to become an oil and gas (O&G) exploration company with its plans to buy 70% stake in Ping Petroleum Ltd, which has a stake in the production in the Anasuria cluster in the UK North Sea.
In a filing with Bursa Malaysia yesterday, DNex said it has entered into a heads of agreement (HoA) with Ping to acquire the remaining shares it does not own.
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