DNEX

0.460

(%)

OTHERS DAGANG NeXCHANGE BERHAD ("DNeX" OR THE "Company") - PROPOSED DISPOSAL OF 'EXCALIBUR', A FLOATING PRODUCTION STORAGE AND OFFLOADING VESSEL BY PING PETROLEUM UK PLC, A WHOLLY-OWNED SUBSIDIARY OF PING PETROLEUM LTD, WHICH IN TURN IS A 90% OWNED SUBSIDIARY OF DNeX FOR A CONSIDERATION OF USD35.0 MILLION TO BE SATISFIED ENTIRELY IN CASH ("PROPOSED DISPOSAL" OR THE "PROPOSAL")

DAGANG NEXCHANGE BERHAD

Type Announcement
Subject OTHERS
Description 
DAGANG NeXCHANGE BERHAD ("DNeX" OR THE "Company")
- PROPOSED DISPOSAL OF 'EXCALIBUR', A FLOATING PRODUCTION STORAGE AND OFFLOADING VESSEL BY PING PETROLEUM UK PLC, A WHOLLY-OWNED SUBSIDIARY OF PING PETROLEUM LTD, WHICH IN TURN IS A 90% OWNED SUBSIDIARY OF DNeX FOR A CONSIDERATION OF USD35.0 MILLION TO BE SATISFIED ENTIRELY IN CASH ("PROPOSED DISPOSAL" OR THE "PROPOSAL")

The Board of Directors of DNeX wishes to announce that Ping Petroleum UK PLC, a wholly-owned subsidiary of Ping Petroleum Ltd, which in turn is a 90% owned subsidiary of DNeX, has entered into a Memorandum of Agreement ("MOA") with MISC Berhad on 20 August 2026, for the Proposed Disposal of Excalibur Floating Production Storage and Offloading for a total disposal consideration of USD35,000,000 based on the terms and conditions as set out in the MOA.

 

Please refer to the attachment for further details. 

 

This announcement is dated 20 August 2026. 


Please refer attachment below.

Attachments

DNeX - Proposed Disposal of Excalibur- MISC.pdf
176.7 kB


Announcement Info

Company Name DAGANG NEXCHANGE BERHAD
Stock Name DNEX
Date Announced 20 Aug 2026
Category General Announcement for PLC
Reference Number GA1-20082026-00060


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