DNeX completes acquisition of 60% stake in Ping Petroleum

DNeX group managing directorTan Sri Syed Zainal Abidin Syed Mohamed Tahir

KUALA LUMPUR: Dagang Nexchange Bhd (DNeX) has completed the acquisition of an additional 60% stake in Ping Petroleum Limited, raising its holdings to 90%.

This makes Ping, an upstream oil and gas (O&G) company, a subsidiary of DNeX Energy Sdn Bhd (DNeX Energy), a wholly owned subsidiary of DNeX.