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DNeX group managing director Tan Sri Syed Zainal Abidin Syed Mohamed Tahir said DNeX is open to any collaboration with strategic partners and investors that can bring value to the group.
KUALA LUMPUR: Hon Hai Precision Industry Co Ltd’s subsidiary Foxconn Singapore Pte Ltd has emerged as a substantial shareholder in Dagang Nexchange Bhd (DNeX) after purchasing 120 million shares.
A filing with Bursa Malaysia showed the shares, representing a 5.03% stake, were acquired on June 10 from the existing shareholders.
DNeX group managing director Tan Sri Syed Zainal Abidin Syed Mohamed Tahir said DNeX is open to any collaboration with strategic partners and investors that can bring value to the group.
Foxconn eyes a stake in DNeX
‘NO CERTAINTY’: Foxconn might be able to help the Malaysian company with its chipmaker, which Young Liu said was still of interest to the Taiwanese company
Bloomberg
Foxconn Technology Group (富士康科技集團) is in talks to buy a stake in Malaysian technology firm Dagang NeXchange Bhd (DNeX) after losing to it in bidding for a semiconductor company, people familiar with the matter said.
The main assembler of Apple Inc’s iPhones could take a minority stake in DNeX and help to expand the business of its chipmaker, SilTerra Malaysia Sdn, one of the people said, asking not to be identified as the matter is private.
Dagang NeXChange Bhd's (DNeX) stock and warrants were up in active trading this morning after a report saying Foxconn Technology Group was in talks to buy a stake in the group.
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Foxconn in talks to buy stake in Malaysia s DNeX - report Taiwanese firm Foxconn Technology Co Ltd is in talks to acquire a stake in Malaysian technology firm Dagang NeXchange Bhd (DNeX) after losing a bid for a semiconductor maker DNeX now owns, Bloomberg reported on Thursday, citing sources.
FILE PHOTO: A sign of Foxconn is seen inside its office building in Taipei, Taiwan November 12, 2020. REUTERS/Ann Wang/File Photo
27 May 2021 06:30PM Share this content
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KUALA LUMPUR: Taiwanese firm Foxconn Technology Co Ltd is in talks to acquire a stake in Malaysian technology firm Dagang NeXchange Bhd (DNeX) after losing a bid for a semiconductor maker DNeX now owns, Bloomberg reported on Thursday, citing sources.