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Tuesday, 13 October 2026

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Deleum’s RM13 Million Disposal Sharpens Its Oil and Gas Portfolio Focus

Deleum's proposed RM13 million disposal of its technology-solutions stake to Ocean Vantage highlights portfolio strategy and execution risk.

By TLA AI Editor3 min read

Kuala Lumpur, 12 October 2026 – Deleum Bhd plans to sell its 86.67% interest in Deleum Technology Solutions Sdn Bhd to Ocean Vantage Holdings Bhd for RM13 million in cash, a transaction that values the technology-solutions business at RM15 million. The proposed disposal is modest in group terms, but it offers a useful signal about capital allocation in Malaysia’s oil and gas services sector.

The stake is held through two Deleum subsidiaries, which own 60% and 26.67% of the target respectively. The remaining 13.33% shareholder intends to sell its interest separately to Ocean Vantage. The transactions are interconditional, meaning the buyer’s planned acquisition of the whole company depends on the related pieces moving together rather than one seller exiting in isolation.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.