KUALA LUMPUR (Aug 20): E-services provider Dagang NeXchange Bhd (DNeX) now gets up to Sept 3 to submit its written representation to challenge Malaysia Competition Commission (MyCC)'s proposed decision to impose a RM17.4 million fine on the group.

DNeX said in a stock exchange filing today that the time extension was obtained by its wholly-owned unit Dagang Net Technologies Sdn Bhd, which has also indicated to MyCC its intention to make an oral representation before the commission.

On July 10, MyCC issued a proposed decision against Dagang Net for allegedly abusing its position as a monopoly in the provision of trade facilitation services under the National Single Window platform.

"The investigation has provisionally found that Dagang Net had abused its dominant position by refusing to supply new and/or additional mailboxes to end users who utilized front-end software from software solutions providers which were not considered to be Dagang Net's authorized business partners," MyCC said in a statement at the time.

(To read MyCC's proposed decision, see: DNeX to challenge MyCC decision)

Following that, DNeX announced on Bursa Malaysia that it would challenge the proposed fine, and that it had been given till today (Aug 20) to submit its written representation to the commission and to indicate if it would make an oral representation.

With the time extension obtained, the group now has a little over two weeks to submit the written representation to make its case.

On market close today, DNeX's shares rose 1.25% or 0.5 sen to settle at 40.5 sen, after about 4.6 million shares were traded, giving it a market capitalisation of RM711.9 million.