CYBERJAYA: Dagang NeXchange Bhd (DNeX) has filed an appeal to the Court of Appeal against the High Court decision handed down on December 5, 2025, on its wholly-owned subsidiary Dagang Net Technologies Sdn Bhd (Dagang Net) after consulting its external legal counsel.
To recap, the High Court on December 5, 2025, dismissed an application by Dagang Net seeking judicial review of a decision of the Competition Appeal Tribunal (CAT) dated December 18, 2023.
The CAT had upheld the earlier ruling by the Malaysia Competition Commission (MyCC), issued on February 16, 2021, which, among other things, ordered Dagang Net to pay a penalty of RM10.3 million.
Dagang Net had, as of July 11, 2022, paid the RM10.3 million penalty imposed by MyCC while simultaneously pursuing a judicial review of the CAT’s decision.
This judicial review is now the subject of the aforementioned appeal to the Court of Appeal.
Consequently, this appeal does not result in any new material financial impact or penalties for DNeX.
“We wish to affirm that Dagang Net has always conducted its business in full compliance with all relevant laws and regulations.
“We also assure all stakeholders and customers that all services provided by Dagang Net will continue to operate as usual,” the company said in a statement.
