[DNEX] Acquisitions on 29-Jun-2021

Stock
[DNEX]: DAGANG NEXCHANGE BERHAD
Announcement Date
29-Jun-2021
Listing Date
30-Jun-2021
New Type/Class?
No
Type
Acquisitions
Details
PROPOSED ACQUISITION BY DAGANG NeXCHANGE BERHAD ("DNeX") OF 60% OF THE ISSUED SHARE CAPITAL IN PING PETROLEUM LIMITED ("PING") FOR A PURCHASE CONSIDERATION OF USD78,000,000 TO BE SATISFIED VIA A COMBINATION OF CASH, ISSUANCE OF NEW ORDINARY SHARES IN DNeX, AND ISSUANCE OF REDEEMABLE PREFERENCE SHARES IN DNeX ENERGY SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF DNeX
No. of shared issued
192,368,414
Issue Price
Malaysian Ringgit (MYR) 0.801
Par Value
0.000
Total NOSH
2,709,775,128
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