It’s a yes to DNeX private placement

DNeX will acquire a 60% stake in SilTerra while its partners will acquire the balance 40%

PETALING JAYA: Shareholders of Dagang Nexchange Bhd (DNeX) have approved the private placement of up to 30% of its total issued shares to fund the proposed acquisition of SilTerra Malaysia Sdn Bhd.

The company, via a partnership with Beijing Integrated Circuit Advanced Manufacturing and High-End Equipment Equity Investment Fund Centre, will acquire SilTerra from Khazanah Nasional Bhd for RM273.0mil.