Dialog group to acquire Pan Orient Energy for 38m.

Dialog group, a technical service provider in the oil, gas and petrochemical industries, agreed to acquire Pan Orient Energy, a Canadian publicly listed junior oil and natural gas company, for 38m. A holder of a common share of Pan Orient will receive, for each such common share, cash consideration of $0.788 and one common share of CanAsia. Pan Orient and DIALOG Group Berhad are at arm's length to each other, and the Arrangement is not a related party transaction.