PETALING JAYA: Dagang Nexchange Bhd (DNeX) has entered into an agreement to buy an additional 60% of the issued share capital in Ping Petroleum Ltd (Ping) not already owned by DNeX for US$78mil (RM314.3mil).
It will own 90% of Ping at the end of the proposed exercise. The exercise is expected to be completed by the second quarter of 2021.
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