Dnex proposes private placement to fund expansion

Dnex said the number of shares to be placed out and the price will be determined later.

PETALING JAYA: Dagang Nexchange Bhd (Dnex) is seeking to raise funds via a private placement of up to 10% of its total issued shares to facilitate the expansion of its upstream and downstream oil and gas (O&G) segment.

In a filing with Bursa Malaysia, Dnex said the number of shares to be placed out and the price will be determined later.