DOLPHIN

0.190

(%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS DOLPHIN INTERNATIONAL BERHAD ("DIB" OR "THE COMPANY") DISPOSAL OF PROPERTY BY DOLPHIN APPLICATIONS SDN. BHD. (DASB), A WHOLLY-OWNED SUBSIDIARY OF DOLPHIN INTERNATIONAL BERHAD (DIB OR THE COMPANY) TO STI FASTENERS SDN. BHD. (STI) (PROPOSED DISPOSAL)

DOLPHIN INTERNATIONAL BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
DOLPHIN INTERNATIONAL BERHAD ("DIB" OR "THE COMPANY")
DISPOSAL OF PROPERTY BY DOLPHIN APPLICATIONS SDN. BHD. (DASB), A WHOLLY-OWNED SUBSIDIARY OF DOLPHIN INTERNATIONAL BERHAD (DIB OR THE COMPANY) TO STI FASTENERS SDN. BHD. (STI) (PROPOSED DISPOSAL)

We refer to the announcements made to Bursa Securities on 31 December 2018, 10 January 2019, 30 August 2019, 7 November 2019 and 28 November 2019 in relation to the above Proposed Disposal.

 

The Board of Directors of DIB wishes to announce that Dolphin Applications Sdn. Bhd. (“DASB” or “Vendor”), a wholly-owned subsidiary of DIB had on 5 December 2019 received an acceptance letter from STI Fasteners Sdn. Bhd. (“STI” or “Purchaser”) in relation to the extension of time up to 6 January 2020 to comply with all the Conditions Precedents (“CPs”) pursuant to Clause 3 of the Sale and Purchase Agreement (“SPA”) dated 31 December 2018.

 

The Company will make further announcement if there is any material development in the matter.

 

This announcement is dated 5 December 2019.






Announcement Info

Company Name DOLPHIN INTERNATIONAL BERHAD
Stock Name DOLPHIN
Date Announced 05 Dec 2019
Category General Announcement for PLC
Reference Number GA1-05122019-00028