KUALA LUMPUR (March 16): Dialog Group Bhd's (KL:DIALOG) wholly-owned subsidiary Dialog Chemicals Sdn Bhd (DCSB) and Diyou PCR Sdn Bhd are disposing of their respective 51% and 49% equity stakes in Dialog Diyou PCR Sdn Bhd (DDPCR) to two companies managed by circular economy investment management firm Circulate Capital. In a filing with Bursa Malaysia on Monday, Dialog said DCSB and Diyou PCR will receive RM1 each from the purchasers, Ocean Fund Holdings Pte Ltd and Circulate Capital Ocean Fund I-B, which will also pay US$8.5 million (about RM33 million) directly to DDPCR to repay fully the latter’s bank loan. DDPCR, principally involved in the production, sale and marketing of food grade recycled polyethylene terephthalate pellets, has ceased production. Dialog said the sale consideration was based on a willing-buyer willing-seller basis after taking into account DDPCR's audited total assets as at June 30, 2025 of RM33.6 million. Dialog added that the disposal will not affect its share capital or the shareholdings of its substantial shareholders, and will have no material impact on its earnings, net assets or gearing.

Source: The Edge Markets March 16, 2026 13:08 UTC