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.
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