Saturday August 18, 2012
Dialog shareholders’ pact with CAO lapses
In filings with Bursa Malaysia, the company said the parties involved had mutually agreed that the agreement would lapse on Monday, as not all the conditions precedent had been fulfilled within the required timeframe.
Both parties have, however, agreed to continue to explore other suitable collaboration opportunities in the region.
The agreement was previously entered to undertake the proposed design, development, operation, management and maintenance of an oil storage tank terminal facility with a storage capacity of 380,000 m3 within the vicinity of Tanjung Langsat Port, Johor.