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DNeX completes acquisition of 60% stake in Ping Petroleum
KUALA LUMPUR: Dagang NeXchange Bhd (DNeX) has completed the acquisition of an additional 60% stake in Ping Petroleum Limited, raising its holdings to 90%.
DNex going upstream with plan to buy up Ping Petroleum
PETALING JAYA: Dagang NeXchange Bhd (DNex) is making its way to become an oil and gas (O&G) exploration company with its plans to buy 70% stake in Ping Petroleum Ltd, which has a stake in the production in the Anasuria cluster in the UK North Sea.
DNeX raises stake in Ping Petroleum to 90% in RM314mil deal
KUALA LUMPUR: Dagang NeXchange Bhd (DNeX) said it will pay RM314mil (US$78mil) for an additional 60% stake in Ping Petroleum Ltd, raising its stake in the oil and gas company to 90%.
DNeX expects SilTerra, Ping Petroleum to drive FY22 earnings
KUALA LUMPUR: Dagang NeXchange Bhd (DNeX) made a net profit of RM116mil in the three-month ended June 30, as higher oil prices boosted the value of energy reserves held by its subsidiaries.
DNeX expects earnings to recover in FY19
KUALA LUMPUR: Dagang NeXchange (DNeX) expects earnings to recover in FY19F, driven by higher portable container system (PCS) project and an increase in crude oil production at Ping Petroleum.
CIMB Research upbeat on Dagang NeXchange outlook
KUALA LUMPUR: CIMB Equities Research is upbeat on Dagang NeXchange’s (DNeX) outlook for FY18, driven by potential new earnings from Genaxis and projected stronger earnings delivery by OGPC and Ping Petroleum.
DNeX shares rise 3.6% on securing UK’s North Sea licenses
KUALA LUMPUR: Dagang NeXchange Bhd’s (DNeX) shares were trading higher in early trade after its associate company, Ping Petroleum Ltd received two licences in UK’s North Sea.
CIMB Research starts coverage of Dagang NeXchange with Add rating
KUALA LUMPUR: CIMB Equities Research has initiated coverage of Dagang NeXchange (DNeX) with an Add rating and sum-of-parts (SOP) based target price of 72 sen.
