Dialog gets shareholders’ nod for Pengerang projects


Ngau (right): ‘We will continue to invest for the long term.’

KUALA LUMPUR: Dialog Group Bhd has obtained shareholders’ approval to proceed with its plan to invest in two new oil and gas projects in Pengerang, Johor, which are expected to provide long-term recurring income once operational.

The new investment is expected to cost RM2.65bil, to be raised via a combination of internal funds, bank borrowings and conversion of existing warrants.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Dialog Group Bhd

   

Next In Business News

Pantech seeks Main Market listing for subsidiaries via SPV
Inta Bina secures RM224.80mil contract for serviced apartment project
UMediC transfers to Main Market
Ringgit closes marginally higher against US dollar
AirAsia X mulls flying to Eastern Europe, London and Orlando
MKHOP posts RM16mil net profit in 2Q24
Gobind: Appointment of new DNB board members marks major milestone in 5G network restructuring
Microsoft CEO Satya Nadella's visit to Malaysia scheduled on May 2
ViTrox optimistic on semiconductor sector growth
Pavilion REIT’s 1Q net profit rises to RM83.2mil

Others Also Read