Dialog Consolidates Overseas Businesses Under Singapore Subsidiaries

KUALA LUMPUR, March 11 (Bernama) -Dialog Group Bhd has carried out an internal reorganisation exercise to consolidate its overseas businesses under its Singapore subsidiaries, Dialog Systems (Asia) Pte Ltd and Dialog Services Pte Ltd. The change is effective today.The exercise is for the purpose of consolidating and streamlining the operations of the overseas catalyst handling businesses and other overseas operations under Dialog Systems (Asia), the group said in a filing to Bursa Malaysia.It said the new group structure would facilitate the expansion of Dialogs business opportunities and customer base in the oil, gas and petrochemical industry globally, in particular the catalyst handling business in Singapore, Middle East, Europe, Australia and the US.The group said the exercise is not expected to have material effects on the earnings of Dialog for the current financial year ending June 30, 2008.However, it is expected to contribute positively to the long term future earnings of the group.