Group managing director Tan Sri Syed Zainal Abidin Syed Mohamed Tahir (pic) said the upswing in Brent oil prices to above US$70 (RM290) per barrel level augurs well for its energy segment.
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 (O&G) company, a subsidiary of DNeX Energy Sdn Bhd, a wholly owned subsidiary of DNeX.
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