CTSB and CAO form joint venture

Centralised Terminals Sdn. Bhd.(CTSB) entered into a joint venture agreement with China Aviation Oil (Singapore) Corporation Ltd. (CAO), which will be engaged in the design, development, operation, management and maintenance of a 380,000 cubic meter (cbm) petroleum products storage tank terminal in Tanjung Langsat Port, Johor, Malaysia. CTSB is itself a joint venture between Dialog Group Bhd and MISC Bhd; and China Aviation Oil Corporation Ltd. is engaged in aviation oil and petroleum products trading. The new joint venture company will be called Langsat Terminal (Three) Sdn Bhd. CTSB will hold a 74% equity stake in Langsat Terminal and CAO will hold a 29% equity share. (October 7, 2011)