PETALING JAYA: Dialog Group Bhd
’s wholly-owned subsidiary, Dialog Chemicals Sdn Bhd, and Diyou PCR Sdn Bhd have respectively entered into an agreement to dispose of 51% and 49% equity stakes in Dialog Diyou PCR Sdn Bhd (DDPCR) to Ocean Fund Holdings Pte Ltd and Circulate Capital Ocean Fund I-B.
The disposal will be for a total cash consideration of RM1 for each seller while RM33mil is to be paid directly to Dialog Diyou in 25 business days from March 16, 2026, with the money to fully repay the DDPCR bank loan.
DDPCR is principally involved in the production, sale and marketing of food grade recycled polyethylene terephthalate pellets and has ceased production. In a filing with Bursa Malaysia, Dialog noted it is divesting its stake in DDPCR to realign its focus back to its core businesses in the energy sector, with the aim of positioning itself for long-term growth and resilience.
