Dialog Group seeks nod to raise RM2.65b for Pengerang expansion

KUALA LUMPUR: Dialog Group Bhd, which mooted the Pengerang Deepwater Terminal project, is seeking shareholders’ approval at its EGM on April 3 to raise up to RM2.65bil to take part in the next few phases of its development.

It was Dialog which reclaimed the 320-acre Johor land on which the petroleum terminal sits. And Dialog also owns 46% in the Phase 1 project, Pengerang Independent Terminal, which began operations in the second quarter of last year.