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Media

Keep up to date with latest updates from us

Corporate Updates for the financial period ended 30 September 2023


30 November 2023 – Ping Petroleum UK PLC (“PPUK”) continues to be involved in the joint operations of the Anasuria Cluster. During the period from October 2022 to September 2023, the Anasuria Cluster achieved an average production efficiency of 93% with an average daily production rate of 2,317 bopd (“barrels of oil per day”). For the same period, a total of 784,760 barrels of oil were sold, with an average realised price of USD 80.4 per barrel. The average field OPEX during the same period was USD 20.3 per barrel of oil equivalent (“boe”).

30 November 2023

DNeX remains profitable in 5Q FY2023


Cyberjaya, 27 November 2023 – Dagang NeXchange Berhad (“DNeX”) has announced its financial results for the fifth quarter ended 30 September 2023 (“5Q FY2023”), delivering another profitable quarter amidst challenging business landscape.

27 November 2023

Ping UK completes Fyne field farm-in


Aberdeen, 21 November 2023 – Ping UK confirms it has completed the farm-in to UK Petroleum Licence P2451 which contains the Fyne field, located near its Anasuria floating production, storage and offloading (FPSO) unit in the central North Sea.

21 November 2023

DNeX’s Energy unit secures new production sharing contract with PETRONAS in Malaysia


Cyberjaya, 30 October 2023 – Dagang NeXchange Berhad, via subsidiary Ping Petroleum Sdn Bhd (“PPSB”), has signed a new Production Sharing Contract (“PSC") with Petroliam Nasional Berhad (“PETRONAS”) marketed under the Malaysia Bid Round 2022 (“MBR 2022”). MBR is an annual Malaysia licensing round hosted by Malaysia Petroleum Management (“MPM”), PETRONAS which offers investors diverse upstream opportunities, including exploration acreages, discovered resource opportunities and late life producing assets.

30 October 2023

Ping Petroleum UK PLC – change of financial year-end


30 October 2023 - With reference to the Ping Petroleum UK Limited Senior Secured USD 50,000,000 bond issue 2021/2024 (ISIN NO0011054827), see attached notice to bondholders in connection with a change of financial year end for Ping Petroleum UK PLC, from 30 June 2023 to 31 December 2023, and with financial year-end on 31 December each year thereafter

30 October 2023

DNeX partners with Chinese high-tech IT companies for both DNeX and Ajlan to bid for large scale Smart City project in Kingdom of Saudi Arabia


Cyberjaya, 23 October 2023 – Dagang NeXchange Berhad (“DNeX”) is establishing access to Chinese high technology information technology (“IT”) solutions and strengthening the company’s ties with its partner in the Middle East to expand its geographical footprint into the Middle East and North Africa (“MENA”) region.

23 October 2023

DNeX partners with Strateq, deepens capabilities in Big Data and Analytics


Cyberjaya, 12 October 2023 – Dagang NeXchange Berhad (“DNeX”) has signed a Memorandum of Understanding (“MoU”) with Strateq Sdn Bhd (“Strateq”) to collaborate in exploring opportunities in Information Technology (“IT”) namely Big Data and Analytics.

12 October 2023

DNeX launches TradeSwift DAGANGNET, an all-in-one trade facilitation SuperApp


Cyberjaya, 9 October 2023 – Dagang NeXchange Berhad (“DNeX”) via its wholly-owned subsidiary Dagang Net Technologies Sdn Bhd (“Dagang Net”) has launched TradeSwift DAGANGNET, an all-in-one trade facilitation SuperApp.

9 October 2023

Ping Petroleum UK PLC Operational Updates for September 2023


Aberdeen, 15 September 2023 – Ping Petroleum UK PLC operational updates for September 2023

15 September 2023

Ping UK farms into Fyne field


1 September 2023 – PPing UK confirms it has signed a farm-in agreement for the Fyne field which is located near its Anasuria FPSO in the central North Sea.

1 September 2023

Corporate Updates for the financial period ended 30 June 2023


29 August 2023 – Ping Petroleum UK PLC (“PPUK”) continues to be involved in the joint operations of the Anasuria Cluster. During the period from July 2022 to June 2023, the Anasuria Cluster achieved an average production efficiency of 85% with an average daily production rate of 2,127 bopd (“barrels of oil per day”). For the same period, a total of 725,294 barrels of oil were sold with an average realised price of USD 82.3 per barrel. The average field OPEX during the same period was USD 22.5 per barrel of oil equivalent (“boe”).

29 August 2023

DNeX records net profit of RM47.5 million in 4Q FY2023


Cyberjaya, 28 August 2023 – Dagang NeXchange Berhad (“DNeX”) has announced its financial results for the fourth quarter ended 30 June 2023 (“4Q FY2023”) where the Group remained profitable amidst challenging business environment.

28 August 2023

Corporate Updates for the financial period ended 31 March 2023


Ping Petroleum UK PLC (“PPUK”) continues to be involved in the joint operations of the Anasuria Cluster.

29 May 2023

DNeX poised to deliver sustained earnings


Cyberjaya, 29 May 2023 – Dagang NeXchange Berhad (“DNeX”) achieved a “normalised” net profit of RM17.8 million for its third quarter ended 31 March 2023 (“3Q FY2023”).

29 May 2023

DNeX forms joint venture with Ajlan & Bros Holding, aims to revolutionise smart cities integration & large IT projects in KSA and MENA


Cyberjaya, 24 March 2023 – Dagang NeXchange Berhad (“DNeX”) has entered into a jointventure agreement (“JVA”) with Ajlan & Bros Holding Group (“Ajlan & Bros Holding”) to establish a joint-venture company (“JVCo”) in the Kingdom of Saudi Arabia (“KSA”).

24 March 2023

DNeX launches Sustainability@DNeX to accelerate its ESG stewardship


Cyberjaya, 1 March 2023 – Dagang NeXchange Berhad (“DNeX”) has launched Sustainability@DNeX, an initiative to improve its Environmental, Social and Governance (“ESG”) stewardship in creating long-term value for its stakeholders.

1 March 2023

Corporate Updates for the financial period ended 31 December 2022


Ping Petroleum UK PLC (“PPUK”) continues to be involved in the joint operations of the Anasuria Cluster.

24 February 2023

MEDIA STATEMENT


We welcome inclusion of measures outlined in the revised Budget 2023 aimed at accelerating implementation of digitalisation in businesses and the Government.

24 February 2023

DNeX partners with MIMOS to explore Government strategic projects


Cyberjaya, 21 February 2023 - Dagang NeXchange Berhad (“DNeX”) has signed a Memorandum of Understanding (“MoU”) with MIMOS Berhad (“MIMOS”) to explore opportunities to leverage Government strategic projects and initiatives towards the development of enhanced digital technology capabilities, software development, networking, system integration, consultation services, cloud computing, and the Fourth Industrial Revolution (“IR 4.0”).

21 February 2023

DNeX announces 2Q FY2023 financial results, remains profitable amidst global challenges


Cyberjaya, 20 February 2023 - Dagang NeXchange Berhad (“DNeX”) has reported its set of financial results for the second quarter ended 31 December 2022 (“2Q FY2023”) where the Group has managed to maintain its profitability amidst challenging business environment.

20 February 2023

DNeX’s unit bags maintenance contract for IRBM’s HITS


Cyberjaya, 2 February 2023 - Dagang NeXchange Berhad’s (“DNeX”) subsidiary Innovation Associates Consulting Sdn Bhd (“IAC”) has bagged a maintenance contract from the Inland Revenue Board of Malaysia (“IRBM”).

2 February 2023

DNeX’s Energy unit expands its foray into Malaysia with PETRONAS deals


Cyberjaya, 17 January 2023 - Dagang NeXchange Berhad’s (“DNeX”) subsidiary, Ping Petroleum Sdn Bhd (“PPSB”), today signed two Production Sharing Contracts (“PSCs”) with Petroliam Nasional Berhad (“PETRONAS”) for discovered oil and gas resources in Malaysia.

17 January 2023

DNeX focuses on building resilience for sustainable returns


Cyberjaya, 6 December 2022 - Dagang NeXchange Berhad (“DNeX”)’s diverse businesses across three segments namely - Technology, Energy and Information and Technology (“IT”) - put the Group on a solid footing to buffer against the expected challenging environment in 2023.

6 December 2022

DNeX off to a strong start in FY2023 with RM419.6 million in revenue and RM68.3 million in profit after tax in first quarter


Cyberjaya, 25 November 2022 - Dagang NeXchange Berhad (“DNeX”) has recorded solid performance in its financial results for the first quarter ended 30 September 2022 (“1Q FY2023”).

25 November 2022

12 Months Quarterly Update for Financial Period Ended 30 September 2022


Aberdeen, 22 November 2022 - Ping Petroleum UK PLC (“PPUK”) continues to be involved in the joint operations of the Anasuria Cluster. During the period from October 2021 to September 2022, the Anasuria Cluster achieved production efficiency of 64% with an average daily production rate of 1,636 bopd (“barrels of oil per day”). For the same period, a total of 637,214 barrels of oil were sold with an average realised price of USD 97.3 per barrel. Average field OPEX during the same period was at USD 26.3 per barrel of oil equivalent (“boe”).

22 November 2022

DNeX partners with Kale to introduce Airport Cargo Community System


Cyberjaya, 16 November 2022 - Dagang NeXchange Berhad (“DNeX”), through wholly-owned subsidiary Dagang Net Technologies Sdn Bhd (“Dagang Net”), has signed a partnership agreement with Kale Logistics Solutions Private Limited (“Kale”) to introduce the Airport Cargo Community System (“ACS”) platform.

16 November 2022

Ping Petroleum UK PLC Audited Financial Statements for Financial Period Ended 30 June 2022


Aberdeen, 8 November 2022 - Ping Petroleum UK PLC Audited Financial Statements for financial period ended 30 June 2022

8 November 2022

DNeX inaugurates Group-wide Corruption-Free Pledge, bolstering its stance against bribery and corruption


Cyberjaya, 20 October 2022 - Dagang NeXchange Berhad (“DNeX”) has today reinforced its stern stance against bribery and corruption through a Group-wide Corruption-Free Pledge.

20 October 2022

Ping Petroleum UK PLC operational updates for September 2022


Aberdeen, 27 September 2022 - Ping Petroleum UK PLC operational updates for September 2022.

27 September 2022

DNeX strengthens ties with Saudi-based Ajlan & Bros Holding Group to pave the way for IT opportunities and semiconductor manufacturing


Cyberjaya, 29 August 2022 - Dagang NeXchange Berhad (“DNeX”) has reinforced its partnership with Saudi Arabia-based Ajlan & Bros Holding Group through a Collaborative Framework Agreement (“CFA”) to form a joint venture company (“JVCo”) in the Kingdom of Saudi Arabia (“KSA”).

29 August 2022

DNeX charts stellar financial performance with RM1.44 billion in revenue and RM707.3 million in PAT for FY2022


Cyberjaya, 29 August 2022 - Dagang NeXchange Berhad (“DNeX”) has accomplished stellar results for the financial year ended 30 June 2022 (“FY2022”), charting a profit after tax (“PAT”) of RM707.3 million on the back of RM1.44 billion in revenue.

29 August 2022

12 Months Quarterly Update for Financial Period Ended 30 June 2022


Aberdeen, 16 August 2022 - Ping Petroleum UK PLC (“PPUK”) continues to be involved in the joint operations of the Anasuria Cluster. During the period from July 2021 to June 2022, the Anasuria Cluster achieved production efficiency of 69% with an average daily production rate of 1,842 bopd (“barrels of oil per day”).

16 August 2022

DNeX renames newly acquired FPSO for Avalon Development


Cyberjaya, 4 August 2022 - Dagang NeXchange Berhad (“DNeX”), via its subsidiary Ping Petroleum UK PLC (“Ping”), has renamed its recently acquired Floating Production Storage and Offloading (“FPSO”) vessel to Excalibur.

4 August 2022

DNeX inks agreement with Cerulean Winds to deliver offshore floating wind turbine for the Avalon Development


Cyberjaya, 2 August 2022 - Dagang NeXchange Berhad (“DNeX”), via its subsidiary Ping Petroleum UK PLC (“Ping”), has signed a Memorandum of Understanding (“MoU”) with Cerulean Winds Limited (“Cerulean Winds”) to kick start a partnership initiative in delivering a dedicated offshore floating wind turbine for the Avalon Development in the Central North Sea, United Kingdom (“UK”).

2 August 2022

DNeX’s subsidiary Ping takes delivery of FPSO for the Avalon Development


Cyberjaya, 1 July 2022 - Dagang NeXchange Berhad (“DNeX”), via its subsidiary Ping Petroleum UK PLC (“Ping”), has taken delivery of the Sevan Hummingbird Floating Production Storage and Offloading (“FPSO”) vessel from marine energy transportation company, Teekay Corporation.

1 July 2022

DNeX to explore business synergy with Saudi Arabia-based Abilitii, broadening its global footprint in MENA


Cyberjaya, 27 June 2022 - Dagang NeXchange Berhad (“DNeX”) has signed a Memorandum of Understanding (“MoU”) with Saudi Arabia-based Ajlan & Bros Holding Group (“Abilitii”) to explore business synergy between both companies.

27 June 2022

DNeX chalks up impressive financial performance with RM382.6 million in revenue and RM77.8 million in PAT for 3Q FY2022


Cyberjaya, 27 May 2022 - Dagang NeXchange Berhad (“DNeX”) has chalked up an impressive financial performance for the third quarter ended 31 March 2022 (“3Q FY2022”).

27 May 2022

12 Months Quarterly Update for Financial Period Ended 31 March 2022


Aberdeen, 24 May 2022 - Ping Petroleum UK PLC (“PPUK”) continues to be involved in the joint operations of the Anasuria Cluster. During the period from April 2021 to March 2022, the Anasuria Cluster achieved production efficiency of 67% with an average daily production rate of 1,779 bopd (“barrels of oil per day”).

24 May 2022

DNeX and IAC collaborate with Accenture to accelerate digital transformation for Malaysia’s public services


Cyberjaya, 24 May 2022 – Dagang NeXchange Berhad (“DNeX”) has inked a Memorandum of Understanding (“MoU”) with Accenture Solutions Sdn Bhd (“Accenture”) to identify and explore opportunities that drive Malaysia’s economic growth in high value areas such as digitalisation, cloud computing, and the Fourth Industrial Revolution (“IR 4.0”).

Cyberjaya, 24 May 2022

DNeX and Foxconn’s subsidiary to build and operate a new 12-inch wafer fabrication plant in Malaysia


Cyberjaya, 17 May 2022 – Dagang NeXchange Berhad (“DNeX”) and Big Innovation Holdings Limited (“BIH”), a wholly-owned subsidiary of Hon Hai Precision Industry Co Ltd (“Foxconn”), plan to set up a joint venture company (“JVCo”) to build and operate a new 12-inch wafer fabrication plant (“New Fab”) in Malaysia.

Cyberjaya, 17 May 2022

DNeX’s subsidiary Ping obtains “No Objection” on Concept Select for Avalon Development


Cyberjaya, 11 April 2022 – Dagang NeXchange Berhad (“DNeX”), via its 90 percent-owned subsidiary Ping Petroleum Limited (“Ping”), has passed a key milestone after receiving a letter of “no objection” from the North Sea Transition Authority (“NSTA”) in relation to the company’s proposed development concept for the Avalon discovery in the Central North Sea, United Kingdom (“UK”).

Cyberjaya, 11 April 2022

SilTerra launches corruption-free programme, pledges company-wide commitment


Cyberjaya, 31 March 2022 – SilTerra Malaysia Sdn Bhd (“SilTerra”) has launched its corruption-free programme to enhance the company’s firm commitment to upholding integrity and governance at all levels.

Cyberjaya, 31 March 2022

SilTerra collaborates with top universities - USM, UTeM and UniMAP - to deepen academic engagement in microelectronics technologies


Cyberjaya, 23 March 2022 - SilTerra Malaysia Sdn Bhd (“SilTerra”) has formed collaboration with top universities in the country namely Universiti Sains Malaysia (“USM”), Universiti Teknikal Malaysia Melaka (“UTeM”) and Universiti Malaysia Perlis (“UniMAP”), to deepen the company’s academic engagement in a range of areas in microelectronics technologies...

Cyberjaya, 23 March 2022

12 Months Quarterly Update for Financial Period Ended 31 December 2021


Aberdeen, 28 February 2022 - Ping Petroleum UK Limited (“PPUK”) continues to be involved in the joint operations of the Anasuria Cluster. During the period from January 2021 to December 2021 , the Anasuria Cluster achieved an uptime of 72% with an average daily production rate of 1,969 bopd (“barrels of oil per day”)..

28 February 2022

DNeX continues strong performance with RM353.3 million in revenue and RM64.9 million in profit after tax for 2Q FY2022


Cyberjaya, 24 February 2022 - Dagang NeXchange Berhad (“DNeX”) has continued its growth trajectory with a strong set of financial results for the second quarter ended 31 December 2021 (“2Q FY2022”).

24 February 2022

SilTerra to invest RM645 million on expansion to increase capacity


Cyberjaya, 24 January 2022 – SilTerra Malaysia Sdn Bhd (“SilTerra”), Malaysia’s largest semiconductor wafer foundry, is investing RM645 million on an expansion plan that will increase its annual capacity by 20 per cent.

24 January 2022

Ping Petroleum UK re-registered as a public company


Aberdeen, 21 January 2022 - Ping Petroleum UK announces that it is now a public company and has been re-registered as Ping Petroleum UK PLC on 12 January 2022.

21 January 2022

SilTerra introduces C-SOI®-based technology for MEMS and Photonics devices


Cyberjaya, 20 January 2022 - SilTerra Malaysia Sdn Bhd has announced the availability of a new manufacturing technology for microelectromechanical systems (“MEMS”) and Photonics devices based on Cavity Silicon-On-Insulator (“C-SOI®”) wafers produced and customised by Okmetic, a high value-added silicon wafer supplier based in Finland.

20 January 2022

Ping Petroleum UK Limited successfully listed its USD 50 million senior secured bond on Nordic Alternative Bond Market


Cyberjaya,24 December 2021 - Ping Petroleum UK Limited (the "issuer") has successfully listed the USD 50 million senior secured bond on Oslo Børs on 23 December 2021. The secured bond is listed as Ping Petroleum UK Lim 21/24 12,00% USD C, the ticket code of NO0011054827.

24 December 2021

DNeX announces changes to its Board of Directors


Cyberjaya,6 December 2021 - Dagang NeXchange Berhad (“DNeX”) has announced the appointment of Muhammad Radhi Azizan and Tun Noor Shahya Tun Abdul Razak to its board of directors effective 6 December 2021. Muhammad Radhi Azizan will serve as Non-Independent Non-Executive Director while Tun Noor Shahya Tun Abdul Razak will serve as Independent Non-Executive Director of DNeX.

6 December 2021

DNeX well-positioned for further growth, on track for strong financial performance in FY2022


Cyberjaya, 2 December 2021 - Dagang NeXchange Berhad (“DNeX”) is well-positioned for further growth as it benefits from the greater demand for semiconductor chips as well as the positive outlook for upstream oil production resulting from higher oil prices in a post-COVID 19 environment.

2 December 2021

SilTerra signs agreement with Taiwan-based ILI TECHNOLOGY CORP


Cyberjaya, 29 November 2021 – SilTerra Malaysia Sdn Bhd has entered into a multi-year wafer supply and purchase agreement with ILI Technology Corp (“Ilitek”), a leading touch controller and driver integrated circuit (“IC”) fabless design house based in Taiwan.

29 November 2021

DNeX posts strong performance with profit after tax of RM301.5 million for 1Q FY2022


Cyberjaya, 26 November 2021 – Dagang NeXchange Berhad (“DNeX”) has announced a strong set of financial results for the first quarter ended 30 September 2021 (“1Q FY2022”).

26 November 2021

12 months Quarterly update for the financial period ended 30 September 2021


Ping Petroleum UK Limted ("PPUK") has announced the 12 months quarterly update ending 30 September 2022.

26th November 2021

DNeX on track for greater growth


Cyberjaya, 24 September 2021 – Dagang NeXchange Berhad (“DNeX”) has announced its financial results for the sixth quarter of 18-month financial period ended 30 June 2021 (“6Q FY2020/2021”). During the quarter under review, DNeX posted RM45.90 million in revenue and RM116.73 million in profit after tax and non-controlling interest (“PATANCI” or “net profit”).

24rd September, 2021




DNeX completes acquisition of the remaining 50 per cent-stake in Avalon Oil Development


Cyberjaya, 23 September 2021 - Dagang NeXchange Berhad (“DNeX”), via its 90 per cent owned subsidiary Ping Petroleum Limited (“Ping”), has announced the completion of the acquisition of the remaining 50 per cent interest in UK North Sea Block 21/6b, License P.2006, containing the Avalon Oil Development.

23rd September, 2021



Ping Petroleum UK Limited: Fixed income investor calls


Ping Petroleum UK Limited (the "Company") has mandated Pareto Securities as Sole Manager to arrange a series of fixed income investor calls commencing on 23rd June, 2021. A senior secured bond issue of up to USD 50 million with a 3-year tenor may follow, subject to, inter alia, market conditions. Net proceeds from the bond issue will be used to finance project expenditures related to the Company's core Anasuria Cluster assets and for general corporate purposes.

21st June, 2021



For further information, please contact

Pareto Securities
16 Collyer Quay #27-02
Income at Raffles
Singapore 049318
+65 6408 9800

For media related queries, please contact

Sharifah Kasim Al Edrus
Head, Corporate Communications & Branding

Dagang NeXchange Berhad
Dagang Net Tower, Block 10 (A&B) Corporate Park,
Star Central, Lingkaran Cyberpoint Timur, Cyber 12,
63000 Cyberjaya, Selangor

Phone: +603-8230 6900
Fax: +603-8230 6969
Email: media@dnex.com.my