Foxconn now substantial shareholder in DNeX

DNeX group managing director Tan Sri Syed Zainal Abidin Syed Mohamed Tahir said DNeX is open to any collaboration with strategic partners and investors that can bring value to the group.

KUALA LUMPUR: Hon Hai Precision Industry Co Ltd’s subsidiary Foxconn Singapore Pte Ltd has emerged as a substantial shareholder in Dagang Nexchange Bhd (DNeX) after purchasing 120 million shares.

A filing with Bursa Malaysia showed the shares, representing a 5.03% stake, were acquired on June 10 from the existing shareholders.