KUALA LUMPUR: Dagang Nexchange Bhd( DNeX) has completed the acquisition of an additional 60% stake in Ping Petroleum Ltd, raising its holdings to 90%. This makes Ping, an upstream oil and gas( OG) company, a subsidiary of DNeX Energy Sdn Bhd, a wholly owned subsidiary of DNeX.“ With the completion of this exercise, DNeX will consolidate Ping’s financial performance into the group’s earnings from July 2021 onwards.“ Since DNeX’s acquisition of a 30% stake in Ping in 2016, Ping has consistently de
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2021-07-01 00:00:00.0