Deleum pursues strategic acquisition to broaden regional footprint

Proposed strategic acquisition in Thailand, expanding the Group’s oilfield services business

Kuala Lumpur, Malaysia, [16] June 2025 – In line with its strategic growth plan to drive regional expansion, leading oil & gas (O&G) services provider Deleum Berhad (Deleum, the Group, 迪隆, Bloomberg: DLUM MK) announced today that its indirect subsidiary, Deleum Oilfield Solutions (Thailand) Co., Ltd. (DOST) has entered into a sale and purchase agreement to acquire oilfield services assets and business, which include (i) slickline; (ii) hydraulic workover; and (iii) well head maintenance, from MPC Future Co., Ltd. (MPC) for a total consideration of RM60 million. The proposed acquisition represents a strategic opportunity for Deleum to expand its portfolio and services offering in Thailand.

The purchase consideration of RM60 million would be satisfied through a combination of cash payment and issuance of new shares in DOST, resulting in Deleum being 49.93% and MPC being a 48.34% shareholders of DOST post transaction. Upon completion, DOST remains as an indirectly owned subsidiary of the Deleum.

The proposed acquisition is aligned with Deleum’s strategy to strengthen its regional footprint and enhance its service offerings beyond Malaysia. Barring unforeseen circumstances and upon satisfaction of the identified conditions precedent, the acquisition is expected to be completed within the second half of 2025.

--

About Deleum Berhad (https://www.deleum.com/)

Deleum Berhad is an investment holding company and through its subsidiaries, provides a diverse range of supporting specialised products and services to the oil and gas industry, particularly in the exploration and production sector. Its range of products and services is distinguished according to its two core business segments – Power and Machinery and Oilfield Integrated Services. Deleum is listed on the Main Market of Bursa Malaysia.