DNeX, China's CGP Fund end SilTerra shareholder dispute

KUALA LUMPUR: Dagang NeXchange Bhd (DNeX) and CGP Fund have reached a settlement with SilTerra Malaysia Sdn Bhd, terminating their protracted shareholder dispute. The global agreement was reached amicably, without any party admitting liability or compensating the other. The settlement only involves reimbursing legal costs between the parties.

The agreement has been recorded as a consent order at the High Court of Malaya in Kuala Lumpur. The settlement maintains the current shareholding structure and concludes the shareholder matter, leaving SilTerra's operations unaffected and undisturbed. DNeX stated that the company can now concentrate on supporting SilTerra's growth, particularly in strategic areas like silicon photonics, which are crucial for artificial intelligence (AI) data centers and next-generation AI infrastructure.

DNeX's interim officer-in-charge, Vinie Chong Pui Ling, affirmed that both shareholders remain committed to SilTerra's future growth and are open to further capital injection if needed. Chong emphasized that the rapid advancement of AI is driving demand for advanced semiconductors and high-speed optical connectivity, positioning SilTerra to capitalize on opportunities arising from its silicon photonics capabilities and collaborations in next-generation optical interconnect technologies.