KUALA LUMPUR: Censof Holdings Bhd has disposed off five million shares in Dagang Nexchange Bhd (DNeX) for a total gross value of RM5mil in the open market.

       In a filing with Bursa Malaysia, Censof said the disposal consideration was based on the prevailing market price in the open market on Bursa Malaysia at the point of the disposal.

       Censof said the proceeds from the disposal will be utilised as working capital within the next 12 months.

       “The original cost of investment for the five million ordinary shares of DNeX was RM3.8mil after taking consideration of fair value adjustment as at Dec 31, 2021,” it said.