Latest news with #DagangNexchangeBhd
The Star
19-06-2025
- Business
- The Star
Trading ideas: Public Bank, DNeX, Food Life, Master TEC, MN, Guocoland, Capital A, Kobay, LGMS, Pharmaniaga, Scientex
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. Public Bank ordered to pay RM90mn in damages to the National Feedlot Corporation for confidentiality breach. Dagang Nexchange Bhd has secured a RM103.8mn contract from the government to continue providing support for the Integrated Government Financial and Management Systems over a period of 60 months. Food Life Sdn Bhd a wholly-owned subsidiary of Farm Price Holdings Berhad, has entered into agreements to acquire assets and a business from Hong Yun Vegetables and Fruits Sdn Bhd, as well as assets from D & D Sinma 8888 Univeg Trading for a total of RM4.5mn in cash. Master TEC Group Bhd has entered into a MoU with Yangtze (Jiangsu) Marine Technology Company Limited to explore collaboration on high-specification and next-generation cable solutions for Malaysia's growing power infrastructure market. MN Holdings Bhd has secured a RM39.6mn contract for the expansion of the electrical supply system for a cable landing station located at a data centre in southern Peninsular Malaysia. Guocoland (Malaysia) Bhd said the group faces a net financial impact of RM5.5mn following an arbitration ruling against its wholly owned subsidiary over a disputed project termination. The CEO of Capital A Group, Tan Sri Tony Fernandes, said on Wednesday the owner of AirAsia is in talks to buy 50 to 70 Airbus A321XLR jets in coming months, but that the first priority is to complete the group's restructuring. Kobay Technology Bhd plans to reallocate RM20.7mn — part of the funds originally set aside for its aluminium business expansion — to develop manufacturing services for the electronic and electrical sector. LGMS Bhd is seeking a transfer of its shares to the Main Market of Bursa Malaysia from the ACE Market. Pharmaniaga Bhd said it will continue to stay in the black for the FY2025 after making a turnaround last year, according to its managing director Zulkifli Jafar. The group is targeting to deliver FY2025 revenue of RM4bn a profit after tax of RM60mn. Scientex Bhd saw its net profit slip over 5% to RM123.9mn in 3QFY25 as the improved operating profit at its property segment was more than offset by a weaker packaging division.
The Star
18-06-2025
- Business
- The Star
DNeX wins RM104mil contract from MoF
PETALING JAYA: Dagang Nexchange Bhd (DNeX) has secured a contract from the Ministry of Finance Malaysia to continue providing support for the Integrated Government Financial and Management System (iGFMAS), worth RM103.76mil. In a filing with Bursa Malaysia, the technology company said the iGFMAS is a key digital backbone of the country's public finance operations. 'Spanning across 60 months, the contract covers the maintenance, support services, and application enhancement of iGFMAS, reaffirming DNeX's pivotal role in managing one of the country's most critical government financial systems.' DNeX said the iGFMAS plays a central role in ensuring the efficient, secure, and transparent management of federal government finances. 'The system enables the preparation of the Federal Government's financial statements based on modified cash and accrual accounting. 'This new contract enhances income visibility while strengthening DNeX's position as a trusted provider of end-to-end digital solutions in support of Malaysia's long-term public sector digital transformation agenda,' the company said. DNeX group chief executive officer Faizal Sham Abu Mansor said the new contract underscores the group's full commitment to the government and the ministry's continued confidence in the group's technical expertise, proven delivery track record, and strategic role in national digital transformation. He said this will allow DNeX to build on its strong foundation and deepen its involvement in supporting the digital transformation of Malaysia's public sector.
The Star
13-05-2025
- Business
- The Star
DNeX secures US$1.8mil contracts, supporting hajj pilgrimage experiences
KUALA LUMPUR: Dagang Nexchange Bhd (DNeX), via its subsidiary Dagang Net Technologies Sdn Bhd, has secured contracts worth US$1.8 million to provide site facilitation and supply of technical and technological equipment at six international sites in Malaysia, Indonesia, and Turkiye. These contracts were secured via its involvement in Saudi Arabia's Makkah Route initiative for 2025, supporting a seamless hajj pilgrimage experience for muslims worldwide, it said in a statement. "The six sites involved are KLIA Terminal 1 (Malaysia), Soekarno-Hatta International Airport (Jakarta, Indonesia), Juanda International Airport (Surabaya, Indonesia), Adi Soemarmo Airport (Solo, Indonesia), Istanbul Airport (Istanbul, Turkiye) and Ankara Esenboga Airport (Ankara, Turkiye),' said the company. DNeX's group chief executive officer Faizal Sham Abu Mansor said that securing the same six sites for 2025 is a testament to the trust placed by Saudi Arabia in the company's capabilities and commitment. "Our ongoing collaboration with authorities in Malaysia, Indonesia, and Turkiye also reflects our dedication to operational excellence in international partnerships,' he said. According to the statement, the Makkah Route Initiative is spearheaded by Saudi Arabia's Ministry of Interior, in collaboration with several other government entities, with DNeX having been involved in the project since 2019. This initiative continues under the commission of Elm Company, a Saudi government-owned entity under the Public Investment Fund, the investment arm of the Saudi Ministry of Finance. Moving forward, DNeX is optimistic about securing additional sites in the next hajj season, after securing six of the 11 global Makkah Route sites this year. "The company also plans to deepen its collaboration with Elm Company, exploring opportunities in transportation and security, in line with its strategy to expand involvement in international government technology and infrastructure projects,' it added. - Bernama
