According to DNeX’s Bursa filing on Wednesday, the company has 2.38 billion issued shares following the conversion of the company’s warrants into 924,800 new shares in the group. The warrants, which were listed on Aug 3, 2016, will mature on July 30, 2021, according to DNeX. Speculation is reportedly rife that the 5.03% DNeX stake buy will pave the way for Hon Hai to obtain a direct shareholding in semiconductor manufacturer SilTerra Malaysia Sdn Bhd, in which DNeX holds a 60% stake. "DNeX Drilling Tech and Oilfield Services Sdn Bhd works to provide value-driven solutions to our clients in the oilfield segment. Read also:Hon Hai buys 5% stake in DNeX — what’s next?

Source: The Edge Markets June 11, 2021 02:37 UTC