Dialog Group (KLSE:DIALOG) completed the disposal of Dialog Diyou PCR via its unit Dialog Chemicals, according to a Friday Malaysian bourse filing.

Shares gained about 3% on Monday's close.

Earlier, Dialog Chemicals, and partner Diyou PCR, agreed to sell their entire stakes in Dialog Diyou PCR to Ocean Fund, and Circulate Capital Ocean Fund I-B. The disposal involves a nominal cash consideration of 1 ringgit each for the sellers, while the purchaser will inject $8.5 million into the company to fully repay its bank loans.

Dialog said the disposal is part of its strategy to refocus on core energy businesses.