Dnex unit inks HoA with Shanghai firm to explore cross-border trade solutions


KUALA LUMPUR: Dagang Nexchange Bhd (Dnex) said its wholly-owned subsidiary Dagang Net Technologies Sdn Bhd has entered into a heads of agreement (HoA) with Shanghai E&P International, INC to collaborate on providing cross-border trade facilitation solutions and exchange connecting enterprises in Malaysia and China.

In a stock exchange filing, Dnex said the collaboration will include cross-border visualisation of sea freight logistics movements and carbon footprint impact between Malaysia's and China's ports.

There will also be cooperation and connectivity for cross-border clearance facilitation to Shanghai and other regional e-ports in China, and the exchange of trade documents to facilitate clearance and utilisation in both trade and non-trade processes.

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