KUALA LUMPUR (June 14): Hon Hai Precision Industry Co Ltd’s subsidiary Foxconn Singapore Pte Ltd has emerged as a substantial shareholder of Dagang NeXchange Bhd (DNeX) with a 5.03% stake.

The Cyberjaya-headquartered technology firm said it received an official notification from Foxconn yesterday (June 13) that the latter had acquired 120 million shares from DNeX's existing shareholders.