Dialog’s unit to buy Canada’s Pan Orient Energy

In a filing with Bursa Malaysia yesterday, the group said the agreement was signed between Dialog Systems’ 100%-owned Canadian company Alberta Ltd and Pan Orient Energy

KUALA LUMPUR: Dialog Group Bhd’s wholly-owned Singapore subsidiary, Dialog Systems (Asia) Pte Ltd has entered into a conditional agreement with Pan Orient Energy Corp to acquire its entire equity interest for US$38.7mil (RM170.3mil) cash.

In a filing with Bursa Malaysia yesterday, the group said the agreement was signed between Dialog Systems’ 100%-owned Canadian company Alberta Ltd and Pan Orient Energy.