Dagang NeXchange Berhad Annual Report 2019

DAGANG NeXCHANGE BERHAD 10 DNeX is primarily an investment holding company with diversified investments in technology and energy sectors. DNeX Group encompasses 23 subsidiary and associate companies. The corporate structure and corporate profile of the Group are available on pages 22 to 29 of this annual report; an overview of our business investments, milestones and strategies in fiscal year 2019 are available on pages 84 to 85 of the Sustainability Report. Having its headquarters in Cyberjaya, the Group also has offices in Bangsar South, Shah Alam and small representative offices throughout Malaysia which house 576 employees. DNeX’s global presence has now extended to Indonesia for Telco Subsea Services as well as Thailand, providing integrated web-based Business-to-Business solution for its logistic communities. DNeX has presence in the United Kingdom through energy investment in 30% associate company Ping Petroleum Limited (“Ping”) which co-operates the Anasuria oilfield cluster in the North Sea; and Bangladesh with a minor stake in an independent power plant (“Bangladesh IPP”). MANAGEMENT DISCUSSION & ANALYSIS