2019 Regional Network Established its regional footprint through the opening of an office in Jakarta, offering eServices and IT Solutions to cater to the Indonesian market. Automatic Tank Gauging (“ATG”) system Awarded contract to supply, install, test, commission and maintain ATG for some 200 PETRONAS stations worldwide. 2021 Ping Acquisition Completed acquisition of additional 60 per cent stake in Ping, expanding its holding to 90 per cent. SilTerra Acquisition Acquired 60 per cent stake in SilTerra Malaysia Sdn Bhd (“SilTerra”), a global semiconductor foundry. Avalon Oilfield Acquisition Ping acquired the remaining 50 per cent stake in UK North Sea Block 21/6b, License P.2006, containing the Avalon Oil Development. New Technology for Automotive Application ICs SilTerra unveiled a new technology, 180nm Bipolar-CMOS-DMOS (“BCD”) automotive grade process technology, for automotive application integrated circuits (“ICs”) or chips used in vehicles. 2023 Local O&G Assets Ping Petroleum Sdn Bhd signed Production Sharing Contracts (“PSCs”) with PETRONAS for discovered oil and gas resources in Malaysia. TradeSwift DAGANGNET Dagang Net launched TradeSwift DAGANGNET, an all-in-one trade facilitation SuperApp designed to be a one-stop centre for all logistics and cross-border trade services. 2020 Collaboration with MARii Dagang Net Technologies Sdn Bhd collaborated with Malaysia Automotive Robotics and IoT Institute (“MARii”) to jointly develop and operate a Web-based information system for used vehicles. 2022 New Manufacturing Technology SilTerra introduced C-SOI®-based technology for MEMS and Photonics devices. Progress in Avalon Development Ping obtains “No Objection” on Concept Select for Avalon Development, the company’s green field asset. Sustainability@DNeX DNeX launched Sustainability@DNeX initiative to drive the Group’s Sustainability Framework with a focus towards sustainable development by balancing profitable growth with environmental and social responsibilities while institutionalising good governance. Integrated Report 2023 35
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